Tesla's 'Profound Impact' On Utilities

Speaking to Benzinga, KeyBanc analyst Matt Tucker thought that Tesla Motors Inc (NASDAQ: TSLA) was definitely on the radar of utilities companies.

Tucker expected significant solar growth in the next 2-3 years and, overall, in the big picture, believed that the Tesla battery storage system could have a "profound impact" on the industry.

When asked whether or not Tesla could partner with a big utility player for its storage, Tucker responded that he "wouldn't be surprised.”

Tucker also believed that utility companies could no longer ignore solar rooftop power, or try to stop it.

Related Link: Analyst Sees No Utility In A Tesla Power Play

The utility industry is "really worried” that in about 10 to 20 years, residential users will power themselves and have energy independence, according to Tucker.

Tesla Motors recently traded at $231.22, up 5.86 percent.

SolarCity Corp (NASDAQ: SCTY) recently traded at $59.85, down 0.25 percent.