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SolarCity sales jump on "unprecedented demand"
August 7, 2014 / 8:35 PM / in 3 years

SolarCity sales jump on "unprecedented demand"

Aug 7 (Reuters) - SolarCity Corp, the largest installer of residential solar panels in the United States, reported a 62 percent rise in quarterly sales amid “unprecedented demand.”

The company’s revenue rose to $61.3 million in the second quarter ended June 30 from $38 million a year earlier.

However, the net loss attributable to stockholders widened to $47.7 million from $39.5 million as operating expenses jumped 123 percent.

SolarCity last reported a quarterly profit in the fourth quarter of 2013. Prior to that, the company had not reported a profit since the first quarter of 2012. (Reporting By Shubhankar Chakravorty in Bangalore; Editing by Maju Samuel)

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