May 7 SolarCity Corp, the largest
residential solar installer in the United States, raised its
full-year forecast for panel installations after reporting a
smaller first-quarter loss.
The company said it expects to deploy 105-110 megawatt of
solar panels in the second quarter and raised its 2014 forecast
to 500-550 MW from the 475-525 MW it had projected earlier.
The company's net loss attributable to stockholders narrowed
to $24.1 million, or 26 cents per share, in the quarter ended
March 31, from $40.9 million, or 54 cents per share, a year
SolarCity, which is backed by Tesla Motors Inc
founder Elon Musk, said revenue more than doubled to $63.5
(Reporting By Kanika Sikka in Bangalore; Editing by Saumyadeb