MegaWatts and Market Caps

Delivered November 18th, 2019. Contributors: Teresa W.

Research Outline: MegaWatts and Market Caps

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Vivint Solar MW and Market Cap

Vivint Solar has been a publicly traded company since 2014. The number of megawatts deployed or installed for each quarter beginning in 2014 and the market cap on the day of the earnings call for each quarter has been entered into the attached spreadsheet. Screenshots of the market cap data have been entered into the attached google doc as quoted by Macotrends. 

The highest number of megawatts installed occurred in Q2 of 2015 at 65.5.
The lowest number of megawatts installed occurred in Q1 of 2018 at 40.4. 
The highest market cap occurred in Q1 of 2015 at $1.59 billion. 
The lowest market cap occurred in Q1 of 2016 at $27 million. 

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SunRun Solar MW and Market Cap

Sunrun Solar has been a publicly traded company since 2015. The number of megawatts deployed or installed for each quarter beginning in 2015 and the market cap on the day of the earnings call for each quarter has been entered into the attached spreadsheet. Screenshots of the market cap data have been entered into the attached google doc as quoted by Macotrends. Quarterly earnings call transcripts were not published either on the company website on SeekingAlpha for 2014-2015. For these quarters, megawatt data was taken from the quarterly review. 

The highest number of megawatts deployed was in Q3 of 2019 at 107.
The lowest number of megawatts deployed was in Q2 of 2015 at 42.4.
The highest market cap was in Q2 of 2019 at $2.35 billion. 
The lowest market cap was in Q3 of 2015 at $36 million. 

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SolarCity MegaWatts and Market Cap

The number of megawatts deployed by SolarCity for quarter one 2014 through quarter 2016 have been entered into the attached spreadsheet. In addition, the market caps for each quarter have been calculated and entered into the spreadsheet. Since market cap data is no longer published for SolarCity, the market cap for each quarter was calculated using the outstanding shares reported in the company's 10-Q and 10-K SEC filings multiplied by the historical stock price data reported by Investing.com. The 10-Q filings report outstanding shares as of the end of the quarter while the 10-K filings report outstanding shares at the time of filing. Therefore, the market cap for Q4 will be closer to the actual date of the earnings call transcript release. The historical stock price data for 2012-2016 has been downloaded for easier viewing. 
2014 Q1SolarCity deployed 82 megawatts in quarter one. 
The Q1 earnings call transcript was released on May 8, 2014. The number of shares outstanding as of April 30, 2014, was 92,100,623 at a value of $53.25 per share. This brings the market cap to $4.9 billion.
2014 Q2SolarCity deployed 107 megawatts in quarter two. 
The Q2 earnings call transcript was released on August 7, 2014. The number of outstanding shares as of July 31, 2014, was 92,691,651 at a value of $71.53 per share. This brings the market cap to $6.63 billion. 
2014 Q3SolarCity deployed 137 megawatts in quarter three. 
The Q3 earnings call transcript was released on November 5, 2014. The number of outstanding shares as of September 30, 2014, was 96,000,871 at a value of $59.60. This brings the market cap to $5.72 billion. 
2014 Q4SolarCity deployed 176 megawatts in quarter four. 
The Q4 earnings call transcript was released on February 19, 2015. The number of outstanding shares as of January 31, 2015, was 96,611,454 at a value of $48.61 per share. This brings the market cap to $4.7 billion. 
2015 Q1SolarCity deployed 153 megawatts in quarter one. 
The Q1 earnings call transcript was released on May 5, 2015. The number of outstanding shares as of the end of the quarter was 96,855,648 at a value of $51.28 per share. This brings the market cap to $4.97 billion. 
2015 Q2SolarCity deployed 189 megawatts in quarter two.  
The Q1 earnings call transcript was released on July 30, 2015. The number of outstanding shares as of the end of the quarter was 97,197,464 at a value of $53.55.  This brings the market cap to $5.2 billion. 
2015 Q3SolarCity deployed 256 megawatts in quarter three. 
The Q1 earnings call transcript was released on October 30, 2015. The number of outstanding shares as of the end of the quarter was 97,588,595 at a value of $42.71.  This brings the market cap to $4.17 billion. 
2015 Q4SolarCity deployed 272 megawatts in quarter four. 
The Q1 earnings call transcript was released on February 10, 2016. The number of outstanding shares as of January 31, 2016, was 97,913,107 at a value of $33.76. This brings the market cap to $3.31 billion. 
2016 Q1SolarCity deployed 214 megawatts in quarter one. 
The Q1 earnings call transcript was released on May 10, 2016. The number of outstanding shares as of the end of the quarter was 98,296,422 at a value of $24.58. This brings the market cap to $2.42 billion.
2016 Q2SolarCity deployed 201 megawatts in quarter two. 
The Q1 earnings call transcript was released on August 10, 2016. The number of outstanding shares as of the end of the quarter was 100,267,138 at a value of $23.93. This brings the market cap to $2.4 billion. 

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SolarCity MW and Market Cap Part 2

The number of megawatts deployed by SolarCity for quarter four 2012 through quarter 4 2013 have been entered into the attached spreadsheet. In addition, the market caps for each quarter have been calculated and entered into the spreadsheet. Since market cap data is no longer published for SolarCity, the market cap for each quarter was calculated using the outstanding shares reported in the company's 10-Q and 10-K SEC filings multiplied by the historical stock price data reported by Investing.com. The 10-Q filings report outstanding shares as of the end of the quarter while the 10-K filings report outstanding shares at the time of filing. Therefore, the market cap for Q4 will be closer to the actual date of the earnings call transcript release. The historical stock price data for 2012-2016 has been downloaded for easier viewing. 
2012 Q4SolarCity deployed 48 megawatts during quarter four. 
The quarterly earnings and annual report transcript was issued on March 6, 2013. As of March 25, 2013, SolarCity had outstanding stock of 75,239,827 with a value of $18.54 per share. This brings the market cap to approximately $1.39 billion. 
2013 Q1SolarCity deployed 46 megawatts during quarter one. 
The quarterly earnings report was issued on May 13, 2013. As of May 1, 2013, the company had 75,349,025 shares of outstanding stock with a value of $28 per share. This brings the market cap to $2.11 billion.
2013 Q2SolarCity deployed 53 megawatts in quarter two. 
The quarterly earnings report was issued on August 7, 2013. The outstanding shares at the end of Q2 were 78,278,355 with a value of $40.304 per share. This brings the market cap to $3.15 billion. 
2013 Q3SolarCity deployed 78 megawatts in quarter three. 
The quarterly earnings report was released on November 6, 2013. The outstanding shares at the end of Q3 were 83,129,286 with a value of $34.60. This brings the market cap to $2.88 billion. 
2013 Q4SolarCity deployed 103 megawatts in quarter four. 
The quarterly earnings transcript and annual report were released on February 24, 2014. As of March 13, 2014, outstanding shares were 91,503,673 with a value of $74.08. This brings the market cap to $6.78 billion. 