SolarCity accepts Tesla's $2.6 billion offer; both shares fall
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Baird Downgrades SolarCity (SCTY) to Neutral Amid Tesla Sale
August 2, 2016 6:25 AM EDTBaird downgraded SolarCity (NASDAQ: SCTY) from Outperform to Neutral with a price target of $25.00 (from $37.00) after the company reached a merger agreement under which SCTY shareholders will receive 0.11 TSLA shares per SCTY share.
"Although SCTY has a 45-day go-shop period which could... More
Needham & Company Sees SolarCity (SCTY)/Tesla (TSLA) 'Getting Done'
August 1, 2016 11:17 AM EDTNeedham & Company analyst Y. Edwin Mok weighed in on SolarCity (NASDAQ: SCTY) after the company and Tesla (NASDAQ: TSLA) announced a finalized merger agreement. The analyst sees the deal getting done.
Mok commented, "We believe SCTY... More
Roth Affirms SolarCity (SCTY) at 'Neutral'; $150M of Cost Synergies in Tesla (TSLA) Deal Expected
August 1, 2016 11:01 AM EDTRoth Capital affirms SolarCity (Nasdaq: SCTY) at Neutral with a $19 price target after the company and Tesla (Nasdaq: TSLA) announced entering a merger agreement today.
Analst Philip Shen commented, TSLA/SCTY co-hosted a conference call providing... More
