SolarCity Corp (SCTY) Finally, SolarCity shareh
Post# of 23080
Posted On: 01/16/2016 9:49:04 AM
SolarCity Corp (SCTY)
Finally, SolarCity shareholders were hit hard today, when the state of Nevada — one of the company’s key markets — changed the game today and made it far more difficult for solar power players to turn a profit there.
Long story made short, last month, Nevada’s Public Utilities Commission increased fees — to the tune of 40% — for utility customers with rooftop solar power systems, and simultaneously reduced the amount of credit those homeowners could receive for selling electricity back to the utility company.
The decision was appealed, but last night the state opted to go through with its new fees and credit schedule. In response, SolarCity has decided it will no longer do business in the state, and announced job cuts in association with its exit from Nevada. SCTY shares slumped 13%.
The debate underscores the impact of consumer-level self-sufficiency, which leaves utility companies less revenue to build and maintain a power grid that serves the public as a whole.
Finally, SolarCity shareholders were hit hard today, when the state of Nevada — one of the company’s key markets — changed the game today and made it far more difficult for solar power players to turn a profit there.
Long story made short, last month, Nevada’s Public Utilities Commission increased fees — to the tune of 40% — for utility customers with rooftop solar power systems, and simultaneously reduced the amount of credit those homeowners could receive for selling electricity back to the utility company.
The decision was appealed, but last night the state opted to go through with its new fees and credit schedule. In response, SolarCity has decided it will no longer do business in the state, and announced job cuts in association with its exit from Nevada. SCTY shares slumped 13%.
The debate underscores the impact of consumer-level self-sufficiency, which leaves utility companies less revenue to build and maintain a power grid that serves the public as a whole.
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'