SolarCity (SCTY) PT Cut to $47 at Baird

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Go back to SolarCity (SCTY) PT Cut to $47 at Baird

Roth Capital Downgrades SolarCity (SCTY) to Neutral; Sidelined Until Better Execution Appears

February 10, 2016 7:52 AM EST

Roth Capital downgrades SolarCity (Nasdaq: SCTY) from Buy to Neutral and cuts its price target from $65 down to $19 following Q4 results and Q1 outlook.

Analyst Philip Shen noted that SolarCity reported weak Q4 results amid reset numbers, hampered by NV and longer... More

SolarCity (SCTY) Upgraded to Strong Buy at Raymond James After Shares Plunge 30%

February 10, 2016 6:55 AM EST

(Updated - February 10, 2016 8:20 AM EST)

Raymond James upgraded SolarCity (NASDAQ: SCTY) from Outperform to Strong Buy with a price target of $60.00 (prior $75.00). Shares declined over 30% post-market on Tuesday after SolarCity reported disappointing Q4 results. Analyst Pavel Molchanov noted that for the first time in its three-plus years as a... More

SolarCity (SCTY) Tops Q4 EPS by 22c; Issues Light Q1 Outlook

February 9, 2016 4:07 PM EST

(Updated - February 9, 2016 4:26 PM EST)

SolarCity (Nasdaq: SCTY) reported Q4 EPS of ($2.37), $0.22 better than the analyst estimate of ($2.59). Revenue was $115 million, versus $105.6 million expected.

Installation highlights:

With new highs in both residential and commercial installations, we installed a record 272 MW in the fourth quarter of 2015, up 54% year-over-year. For the full year 2015, we installed 870 MW, growing 73% from 503 MW in 2014. Based on GTM Research/SEIAs most recent estimate for 2015 U.S. solar installations, SolarCity accounted for 35% of U.S. residential solar, 28% of U.S. distributed solar, and 12% of... More