SolarCity Corp (NASDAQ:SCTY) said Thursday that it will report its second-quarter results on Thursday, August 7, 2014 after the market closes. The solar installer has also scheduled a conference call on the same day at 5:00 p.m. ET to discuss Q2 results. Shares of the San Mateo-based company have rallied more than 33% since the May 7 low of $47.71.

SolarCity SCTY

SolarCity expected to report 67.5% jump in revenue

Analysts on average expect SolarCity to report $0.99 per share in Q2 losses, worse than last year’s second-quarter loss of $0.43 a share.  Consensus EPS estimate for the second-quarter has worsened from a loss of 64 cents to 99 cents over the last 90 days. However, its revenues will keep growing strongly as SolarCity installs more panels. Wall Street expects the company’s June quarter revenues to rise 67.5% YoY from $37.5 million to $63.5 million. For the full-year 2014, analysts forecast SolarCity to lose $3.86 per share, though revenues are expected to soar 81.90% to $298 million.

The company continues to grow its revenue at a rapid pace. Statistics shows that it has captured 29% of the U.S. residential solar market, way ahead of the nearest rival Vivint Solar, which has just 9% market share. During the first quarter this year, SolarCity reported $63.5 million in revenues. First-quarter losses narrowed from $40.9 million to $24.1 million. The company booked 136MW of orders during the first-quarter, higher than its own estimate of 100MW.

SolarCity to elaborate on Silevo purchase during the earnings call

Analysts and investors expect SolarCity to provide further details on its $200 million acquisition of high-efficiency solar panel manufacturer Silevo. The company announced Silevo acquisition on June 16. The purchase has huge implications for its future. That’s because SolarCity plans to build the world’s largest panel manufacturing plant in Buffalo, New York. SolarCity chairman Elon Musk says that Silevo’s advanced technology will make solar competitive even without heavy government subsidies.  The company has also been investing significantly to improve its sales team.

SolarCity shares inched up 0.14% to $69.52 at 10:36 AM EDT on Thursday.