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