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SolarCity Q4 Earnings Call: A Play-By-Play Recap

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SolarCity Q4 Earnings Call: A Play-By-Play Recap
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SolarCity Corp (NASDAQ: SCTY) reported earnings this afternoon. Below is a live blog of the highlights.

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05:58:34pm: Conference call has concluded.

05:54:10pm: When asked if company would ever considering leaving the commercial business: "We're doubling down."

05:49:44pm: Commercial projects described as "lumpy." (Slide below from presentation.)

lmp.png

05:45:27pm: Our targets "are going to be a lot of work...we're not going to increase that guidance. That's a good guidance.

"Let's be frank, we've had some guidance challenges...we've had some feedback to make sure we don't get ahead of [ourselves]...depending on where it comes in, that's close to doubling.

"It's more than we've cumulatively done in the entire history of the company to date." (Slide below from presentation.)

mw.png

05:44:27pm: Analyst asks: [GW Deployed] guidance appears to be "conservative," but why?

05:36:18pm: We have adjusted MyPower pricing in California..."but that's the only place we adjusted it." We moved it from an interest rate of 4.5 percent to ~5 percent.

05:34:58pm: We have adjusted MyPower pricing in California..."but that's the only place we adjusted it." We moved it from an interest rate of 4.5 percent to ~5 percent.

05:32:11pm: Stock recovering in after-hours. Now down 3.7 percent since close.

05:31:11pm: "We've never had these types of bookings this early in the year."

05:31:11pm: "We've never had these types of bookings this early in the year."

05:28:34pm: Our plan is to eventually go to ABS market with MyPower. (See slide below.)

mp.png

05:27:44pm: We're very optimistic about 2015...we've secured most of our project financing. "Off to an amazing start with bookings."

05:26:56pm: SolarCity now down 4.36 percent after-hours.

05:12:55pm: "We now provide an Uber-like experience [regarding installation and home service]...we're simplifying the process at SolarCity"

05:10:06pm: 'We provide the most transparent access..for any electric provider in the country,' when discussing power analytics.

05:06:10pm: COO Tanguy Vincent Serra: We expect Q1 bookings to be the highest ever

04:16:10pm: SolarCity Reports Q4 Adj. Non-GAAP Net Loss $1.33, Worse Than Analyst Estimate of Loss of $1.27/Share Est.

03:30:03pm: SolarCity Earnings Expected Move ± $4.27, based off of Thinkorswim data

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