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

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

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) PT Cut to $47 at Baird

February 10, 2016 6:40 AM EST

Baird analyst Ben Kallo reiterated a Neutral rating and cut his price target on SolarCity (NASDAQ: SCTY) to $47.00 (from $60.00) on the Q4 installation miss and weak Q1 guidance.

Kallo commented, "Financial results beat estimates across the board, management reiterated FY:16 installation... 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