Top New Stocks To Buy Right Now

Top New Stocks To Buy Right Now: SolarCity Corp (SCTY)

SolarCity Corporation (SolarCity), incorporated on June 21, 2006, is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Company sells renewable energy to its customers. As of December 12, 2012, the Company served customers in 14 states. The Companys residential customers are individual homeowners and homeowners. The Companys commercial customers represent several business sectors, including technology, retail, manufacturing, agriculture, nonprofit and houses of worship. The Company has installed solar energy systems for several government entities, including the the United States Air Force, Army, Marines and Navy, and the Department of Homeland Security. The Company purchases major components, such as solar panels and inverters directly from multiple manufacturers. As of September 30, 2012, its primary solar panel suppliers we re Trina Solar Limited, Yingli Green Energy Holding Company Limited and Kyocera Solar, Inc., among others, and its primary inverter suppliers were Power-One, Inc., SMA Solar Technology, AG, Schneider Electric SA, Fronius International GmbH and SolarEdge Technologies, among others.

Solar Energy Products

The Companys solar energy products include Solar Energy Systems, and SolarLease and power purchase agreement finance products. The major components of its solar energy systems include solar panels that convert sunlight into electrical current. Most of its solar energy customers choose to purchase energy from the Company pursuant to one of two payment structures: a SolarLease or a power purchase agreement. In both structures, the Company charges customers a monthly fee for the power produced by its solar energy systems. In the lease structure, this monthly payment is pre-determined and includes a production guarantee. In the power purchase agreement ! structure, the Company charges customers a fee per kilowatt! hour based on the amount of electricity actually produced by the solar energy system.

Energy Efficiency Products and Services

The Companys energy efficiency products and services include home energy evaluation and energy efficiency upgrades. The Company sells home energy efficiency evaluations to new solar energy system customers and existing customers. The Companys energy efficiency upgrade products and services address heating and cooling, air sealing, duct sealing, water heating, insulation, furnaces, weatherization, pool pumps and lighting. As of December 12, 2012, the Company had completed over 13,000 home energy evaluations and performed more than 2,000 energy efficiency upgrades.

Other Energy Products and Services

The Companys other energy products and services include electric vehicle charging and energy storage. The Company installs electric vehicle (EV) charging equipment that it sources from thir d parties. SolarCity markets EV equipment to residential and commercial customers through retail partnerships with companies, such as The Home Depot, and through EV manufacturers and dealerships, such as its partnership with Tesla Motors, Inc. The Company is developing a battery management system built on its solar energy monitoring communications backbone. As of December 12, 2012, the Company had over 100 energy storage pilot projects under contract. As of December 12, 2012, the Company had sold over 750 charging stations.

Enabling Technologies

The Companys enabling technologies include SolarBid Sales Management Platform, SolarWorks Customer Management Software, Energy Designer, Home Performance Pro and SolarGuard and PowerGuide Proactive Monitoring Solutions. SolarBid is a sales management platform, which incorporates a database of rate information by utility, sun exposure, roof orientation and a range of other factors to enable a detailed anal ysis ! and custo! mized graphical presentation of each customer! s savin! gs.

SolarWorks is the software platform the Company uses to track and manage project. Energy Designer is a software application its field engineering auditors use to collect pertinent site-specific design details on a tablet computer. Home Performance Pro is its energy efficiency evaluation platform that incorporates the United States Department of Energys Energy Plus simulation engine. Home Performance Pro collects and stores details of a buildings construction and energy use. SolarGuard and PowerGuide provide its customers a view of their homes or businesss energy generation and consumption.

The Company competes with American Solar Electric, Inc., Astrum Solar, Inc., Petersen Dean, Inc., Real Goods Solar, Inc., REC Solar, Inc., Sungevity, Inc., Trinity Solar, Inc., Verengo, Inc., SunRun Inc. and Ameresco, Inc.

Advisors' Opinion:

• [By Travis Hoium]

  What: Shares of First Solar (NASDAQ: FSLR  ) dropped as much as 10% today, dragging the rest of the industry down with it. SolarCity (NASDAQ: SCTY  ) dropped as much as 11% and SunPower (NASDAQ: SPWR  ) fell 7% in early trading.

• [By Travis Hoium]

  This follows a convertible notes offering at SunPower (NASDAQ: SPWR  ) and a proposed convertible notes offering at SolarCity (NASDAQ: SCTY  ) . Convertible notes aren't a share offering, but they can be converted into shares at a specified price, so there's an equity component for investors.

• [By Roberto Pedone]

  SolarCity (SCTY) engages in the design, installation and sale or lease of solar energy systems to residential and commercial customers, and government entities in the U.S. This stock closed up 4.7% at $35.84 in Monday's trading session.

  Monday's Volume: 3.64 million
  
  Three-Month Average Volume: 2.42 million
  
  Volume % Change: 145%

  From a technical perspective,! SCTY bou! nced sharply higher here right above some near-term support at $34.12 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $28.31 to its recent high of $37.87. During that move, shares of SCTY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SCTY within range of triggering a near-term breakout trade. That trade will hit if SCTY manages to take out its 50-day moving average at $37.82 and then once it takes out its recent high at $37.87 with high volume.

  Traders should now look for long-biased trades in SCTY as long as it's trending above some key near-term support at $34.12 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.42 million shares. If that breakout hits soon, then SCTY will set up to re-test or possibly take out its next major overhead resistance levels at $43 to $45.60.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-new-stocks-to-buy-right-now.html