one reason tesla (tsla) stock is rising - battery power storage

NEW YORK (TheStreet)--Tesla Motors (TSLA -Get Report)
Increase in inventory 2. 31% to $220.
55 in the trading at noon on Tuesday, after the company's energy storage system was selected to power the hybrid
Electric buildings in California.
Real estate company Irvine and advanced micro-grid solutions will be equipped with energy storage systems for 24 office buildings, in the non-
Peak time by the end of this year.
This will reduce the peak
Energy consumption of local utilities, reduce power costs and provide supportup power.
"Energy storage is a game --
Rich Bluth, vice president of energy management at Irvine, said in a statement.
"It will allow building owners to participate in power grid support and reduce costs without causing interference or discomfort to our customers, residents or guests.
"Tesla Energy's commercial battery system has the ability to switch buildings to battery power when receiving high demand signals from Southern California Edison for the grid (SCE-E)
As part of the grid modernization program, the program is overseeing the transition.
Teslaexpects expects to increase production of battery and energy storage products in the fourth quarter, while the Gigabit plant will increase production when it opens in 2016.
In addition, the street rating team rated Tesla Motors as C-.
For their suggestion, the street rating team said this: we have a view of Tesla Motors (TSLA)a HOLD.
The main factors that affect our rating are mixed --
Some have expressed strength, some have expressed weakness, and there is little evidence that the stock is justified in its positive or negative performance relative to most other stocks.
One of the company's main advantages is its strong revenue growth. -
Not only in recent times, but also in previous quarters.
At the same time, however, we have also identified some weaknesses, including a deterioration in net income, a generally high risk of debt management, and disappointing return on equity.