Shares of SolarCity Corp (NASDAQ:SCTY) ended Tuesday session in green amid volatile trading. The shares closed up +0.02 points or 0.10% at $20.00 with 4.17 million shares getting traded. Post opening the session at $20.26, the shares hit an intraday low of $19.41 and an intraday high of $20.68 and the price vacillated in this range throughout the day. The company has a market cap of $2.06 billion and the numbers of outstanding shares have been calculated to be 100.27 million shares.
On Sept. 8, 2016 SolarCity® (SCTY), America’s #1 solar power provider, is expanding its service and operations in Texas by making its popular solar service available to homeowners in Austin for the first time. Customers in Austin can now go solar for as little as $50 per month, with design, installation, financing, and monitoring included. SolarCity is actively searching for locations for a new operations center—its fifth in the state.
The expansion is due in part to SolarCity’s solar loan program, launched earlier this summer. SolarCity’s loan can allow many customers to immediately pay less for their electricity generated by solar energy systems each month than they previously paid for their electricity bills, and be eligible for thousands in additional dollars from tax credits and other incentives. The company has leveraged its installation volume—SolarCity installed more residential solar in 2015 than the next 50 competitors combined—to negotiate extremely favorable terms on behalf of its customers.
SolarCity provides service to customers of Austin Energy, and also serves customers in the greater Austin area that are not customers of Austin Energy through a partnership with local retail electricity provider MP2. The unique partnership with MP2 allows SolarCity customers that use MP2 as their retail electricity provider to receive retail credit against future electricity use for any solar electricity they provide back to the utility grid during the day.
Shares of Micron Technology, Inc. (NASDAQ:MU) ended Tuesday session in green amid volatile trading. The shares closed up +0.64 points or 3.69% at $18.00 with 28.62 million shares getting traded. Post opening the session at $17.53, the shares hit an intraday low of $17.35 and an intraday high of $18.08 and the price vacillated in this range throughout the day. The company has a market cap of $18.57 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Micron Technology, Inc. (MU) provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DDR4 and DDR3 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for mobile phones, tablets, embedded, computers, and other mobile consumer device applications; DDR2 DRAM, DDR DRAM, GDDR5 DRAM, SDRAM, reduced latency DRAM, and pseudo-static DRAM products for use in networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and HMC semiconductor memory devices for use in networking and computing applications.