UPDATE: Credit Suisse Upgrades SolarCity (SCTY) to Outperform
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Price: $0.01 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 26
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 26
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(Updated - June 14, 2013 7:23 AM EDT)
Credit Suisse upgraded SolarCity (NASDAQ: SCTY) from Neutral to Outperform with a price target of $52 (from $28). Analyst Satya Kumar said he was more confident following talks with the California Public Utilities Commission, and he thinks the governor will support distributed solar generation, though the meter cap might not be raised until 2015. Kumar sees 2014 EPS of ($0.58) vs consensus of ($1.48).
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 $34.03 yesterday.
Credit Suisse upgraded SolarCity (NASDAQ: SCTY) from Neutral to Outperform with a price target of $52 (from $28). Analyst Satya Kumar said he was more confident following talks with the California Public Utilities Commission, and he thinks the governor will support distributed solar generation, though the meter cap might not be raised until 2015. Kumar sees 2014 EPS of ($0.58) vs consensus of ($1.48).
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 $34.03 yesterday.
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