Raymond James Cuts Price Target as SolarCity (SCTY) Cuts Installation Guidance
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SolarCity (SCTY) Sees Strong Gains After Tuesday's Beating
May 11, 2016 11:04 AM EDTSolarCity (NASDAQ: SCTY) is showing strong gains early Wednesday following yesterday's big sell-off on earnings. Shares last traded up 9.5% to $19.52. Shares were down 21% yesterday. Short covering could be contributing to today's upside as they lock-in gains.
... MoreSolarCity (SCTY): Trading Close To PowerCo NAV - Stifel
May 10, 2016 11:07 AM EDTStifel analyst, Sven Eenmaa, cut his PT to $46 on Buy rated SolarCity (NASDAQ: SCTY) after a widely expected guidance reduction. Despite the increased risk, the stock is trading close to the value of PowerCo assets that it does not warrant a downgrade from... More
SolarCity's (SCTY) Buy Rating Maintained at Deutsche Bank
May 10, 2016 10:24 AM EDTDeutsche Bank maintained a Buy rating on SolarCity (NASDAQ: SCTY) with a price target of $49. Shares declined following the release of Q1 results.
Analyst Vishal Shah commented, saying, "Weak Q1 bookings and generally cautious mgmt commentary raises the question whether the... More
SolarCity (SCTY): Slower Bookings Drive Lower 2016 Outlook - Needham & Company
May 10, 2016 7:46 AM EDTNeedham & Company analyst, Edwin Mok, would recommend investors stay on the sideline wit SolarCity (NASDAQ: SCTY) even after a sell-off and reiterated his Hold rating.
Expectations going into SCTY's 1Q16 report were low due to weakness in the U.S. residential market. However, even... More
Avondale Partners Downgrades SolarCity (SCTY) to Market Perform
May 10, 2016 7:45 AM EDTAvondale Partners downgraded SolarCity (NASDAQ: SCTY) from Market Outperform to Market Perform.
For an analyst ratings summary and ratings history on SolarCity click here. For more ratings news on SolarCity click here.
Shares of SolarCity closed at $22.51 yesterday.
... MoreAmazon delivers S&P 500 its best day in two months
May 10, 2016 7:21 AM EDTBy Noel Randewich
(Reuters) - U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com helping propel the S&P 500 to its best day in two months.
Buoyed as well by higher global stock markets, Wall Street's gains appeared to breathe new life into a two-month rally that had petered out in mid-April, and left the S&P 500 with an increase of nearly 2 percent for 2016.
Amazon (NASDAQ: AMZN) jumped 3.43 percent to a record of $703.07, giving the biggest boost to... More
BofA/Merrill Lynch Downgrades SolarCity (SCTY) to Neutral
May 10, 2016 7:13 AM EDTBofA/Merrill Lynch downgraded SolarCity (NASDAQ: SCTY) from Buy to Neutral.
For an analyst ratings summary and ratings history on SolarCity click here. For more ratings news on SolarCity click here.
Shares of SolarCity closed at $22.51 yesterday.
... MoreSolarCity (SCTY) Bears In Control Amid Latest Results - Baird
May 10, 2016 6:32 AM EDTBaird analyst Ben Kallo lowered his price target on Neutral-rated SolarCity (NASDAQ: SCTY) to $37.00 (from $47.00) after beating on revenue and installations, but lowered FY:16 guidance due to weak Q1 bookings, and also had a significant increase customer acquisition costs (although this is... More
SolarCity stock slides 20 percent as forecast slashed
May 9, 2016 4:51 PM EDT(Reuters) - SolarCity Corp (NASDAQ: SCTY) cut its forecast for solar panel installations this year and reported a bigger-than-expected quarterly loss, sending its shares down nearly 20 percent in extended trading on Monday.
The company, which is backed by Tesla Motors Inc (NASDAQ: TSLA) founder Elon Musk, said it expects to install 1.0-1.1 gigawatts in 2016, lower than the 1.25 GW it had forecast in February.
A pullback in a key solar support policy in Nevada, a January price increase on residential systems and a redesign of its solar... More
SolarCity (SCTY) Misses Q1 EPS by 25c; Trims Outloook
May 9, 2016 4:26 PM EDTSolarCity (NASDAQ: SCTY) reported Q1 EPS of ($2.56), $0.25 worse than the analyst estimate of ($2.31). Revenue was $122.6 million, versus the consensus of $110 million.
The company installed 214-MW in Q1.
Guidance:
SolarCity expects to install 1 to 1.1-GW in 2016, versus... More
Higher health stocks and falling oil leave S&P 500 flat
May 9, 2016 9:07 AM EDTBy Noel Randewich
(Reuters) - Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.
Five of 10 S&P sectors ended higher, led by the health sector's 1.13 percent increase, while energy and materials sectors both tumbled 1.25 percent.
Allergan (NYSE: AGN) surged 5.98 percent. Teva Pharmaceutical Industries Ltd (NYSE: TEVA) (NYSE: TEVA) said it still expected its $40.5 billion acquisition of Allergan's generic drug business to close in... More
