I’m a long term (30 year) bull on SolarCity (SCTY) and recently wanted to start a position for my youngest son last month to take advantage of the fears generated by low oil prices and ending tax credits. However, the tax credits were extended before I bought his position and the stock doubled in a month in the winter of 2015. I have been waiting for it to cool off and that day is today, it’s trading around it’s 52 week low due to weak guidance. Long term this story still looks great! Why? Q4 installations up by 54% from a year ago. I’m buying a small position (2% of portfolio) for my family today as it’s only a 1.86 billion company. Elon Musk is on the board and it’s a Tesla partner. Buy, hold, ignore and in 2046 you may just own one of the largest energy companies in America.
Jason Hall covers the details of this quarter and why it’s given a Fool an excellent opportunity today:
Monty
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