SolarCity (SCTY) Showing 'Bubble-Like' Characteristics - Raymond James

May 17, 2013 2:46 PM EDT
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Price: $20.34 --0%

Rating Summary:
    4 Buy, 16 Hold, 2 Sell

Rating Trend: Down Down

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    Up: 13 | Down: 22 | New: 54
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Raymond James analyst Pavel Molchanov called the recent rally in SolarCity (NASDAQ: SCTY) "bubble-like." Comments follow a massive rally on no news, something Molchanov thinks will be very difficult to sustain in a more rational environment.

Raymond James didn't go as far as recommending shorting SolarCity but cautioned investors about June lockup expiration, which could, in Molchanov words "open the floodgates."

Raymond James has a Market Perform rating on SolarCity.

For an analyst ratings summary and ratings history on SolarCity (NASDAQ: SCTY)click here. For more ratings news on SolarCity click here.

Shares of SolarCity closed at $35.69 yesterday.

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