The solar energy systems provider reported a second quarter net loss of $1.61 per share on revenue of $103 million.
Analysts on average were expecting the company to report a loss of $1.57 per share on revenue of $90 million.
The company reported that it installed a record 189 megawatts of solar panels, up from the 153 megawatts the company installed the previous quarter.
The company had previously provided guidance for installing 180 megawatts during the period.
TheStreet Ratings team rates SOLARCITY CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SOLARCITY CORP (SCTY) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."