Stock of the Day: Is SolarCity Corp a Sell? The Stock Declines Again

Stock of the Day: Is SolarCity Corp a Sell? The Stock Declines Again

The stock of SolarCity Corp (NASDAQ:SCTY) is a huge mover today! About 1.05 million shares traded hands. SolarCity Corp (NASDAQ:SCTY) has declined 22.38% since March 11, 2016 and is downtrending. It has underperformed by 27.84% the S&P500.
The move comes after 8 months negative chart setup for the $2.00 billion company. It was reported on Oct, 14 by We have $18.22 PT which if reached, will make NASDAQ:SCTY worth $180.00 million less.

Analysts await SolarCity Corp (NASDAQ:SCTY) to report earnings on November, 3. They expect $-2.18 EPS, down 3.81% or $0.08 from last year’s $-2.1 per share. After $-2.32 actual EPS reported by SolarCity Corp for the previous quarter, Wall Street now forecasts -6.03% EPS growth.

SolarCity Corp (NASDAQ:SCTY) Ratings Coverage

Out of 19 analysts covering SolarCity (NASDAQ:SCTY), 9 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 47% are positive. SolarCity has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Roth Capital maintained it with “Buy” rating and $98 target price in Saturday, August 15 report. Robert W. Baird downgraded it to “Neutral” rating and $60 target price in Friday, October 30 report. The firm earned “Neutral” rating on Tuesday, August 2 by Robert W. Baird. Morgan Stanley maintained it with “Overweight” rating and $34 target price in Wednesday, May 11 report. The stock of SolarCity Corp (NASDAQ:SCTY) has “Underweight” rating given on Monday, June 20 by Barclays Capital. The rating was maintained by TH Capital on Sunday, November 1 with “Buy”. TH Capital maintained SolarCity Corp (NASDAQ:SCTY) on Monday, October 26 with “Buy” rating. The company was upgraded on Tuesday, August 25 by Zacks. The rating was upgraded by Axiom Capital to “Hold” on Thursday, October 6. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, August 25.

According to Zacks Investment Research, “SolarCity Corporation provides clean energy services. The company offers solar power, energy efficiency and electric vehicle design, monitoring and maintenance services to homeowners, businesses, schools, non-profits, and government organizations in the United States. SolarCity is headquartered in San Mateo, California.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.17, from 0.94 in 2016Q1. The ratio is negative, as 51 funds sold all SolarCity Corp shares owned while 56 reduced positions. 18 funds bought stakes while 64 increased positions. They now own 41.81 million shares or 9.41% less from 46.16 million shares in 2016Q1.
Us Comml Bank De reported 3,530 shares or 0% of all its holdings. Credit Suisse Ag, a Switzerland-based fund reported 645,499 shares. Dupont Capital Management accumulated 0.01% or 20,028 shares. Shinko Asset Management has 0% invested in the company for 15,488 shares. The California-based Apriem Advsrs has invested 0% in SolarCity Corp (NASDAQ:SCTY). Moreover, Blackrock Advsr Limited Liability Corporation has 0% invested in SolarCity Corp (NASDAQ:SCTY) for 36,026 shares. Lpl Financial Llc holds 14,750 shares or 0% of its portfolio. Teacher Retirement System Of Texas accumulated 0% or 8,848 shares. Qs Investors Ltd Llc has 0% invested in the company for 15 shares. The New York-based Quinn Opportunity Prtn Ltd has invested 0.08% in SolarCity Corp (NASDAQ:SCTY). The Texas-based Next Fincl Grp Inc Inc has invested 0.01% in SolarCity Corp (NASDAQ:SCTY). Seven Eight, a New York-based fund reported 601 shares. Royal State Bank Of Canada holds 0% or 147,525 shares in its portfolio. Kistler last reported 25 shares in the company. Swiss Comml Bank reported 105,600 shares or 0% of all its holdings.

Insider Transactions: Since May 15, 2016, the stock had 0 insider purchases, and 5 selling transactions for $312,778 net activity. On Sunday, May 15 Serra Tanguy sold $53,675 worth of the stock or 2,617 shares. Weissman Seth R sold $105,588 worth of SolarCity Corp (NASDAQ:SCTY) on Monday, August 15. On Sunday, May 15 Barnard Hayden sold $69,762 worth of the stock or 3,428 shares.

More notable recent SolarCity Corp (NASDAQ:SCTY) news were published by: which released: “No Capital Needed: How SolarCity Corp. Could Help Tesla Motors Inc.” on October 11, 2016, also with their article: “Elon Musk teases new products, says no need for Tesla, SolarCity to raise cash …” published on October 09, 2016, published: “Elon Musk’s SolarCity Corp. expands into the Charleston market” on October 04, 2016. More interesting news about SolarCity Corp (NASDAQ:SCTY) were released by: and their article: “SolarCity – Pushing The Boundaries Of Rooftop Solar” published on October 14, 2016 as well as‘s news article titled: “SolarCity Corporation’s Biggest Mistake in 2016 So Far” with publication date: September 23, 2016.

SCTY Company Profile

SolarCity Corporation, incorporated on June 21, 2006, sells renewable energy. The Firm is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Firm operates through solar energy services and products segment. The Firm integrates the sales, engineering, manufacturing, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial, government and other customers. It offers its clients the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Firm installs solar energy system at its customer’s premises and charge the customer a monthly fee for the power that its system produces.

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