December 1, 2016 - By Winifred Garcia · 0 Comments
Solarcity Corp (NASDAQ:SCTY) institutional sentiment increased to 0.96 in Q2 2016. Its up 0.19, from 0.77 in 2016Q1. The ratio improved, as 82 investment managers started new and increased equity positions, while 107 decreased and sold stock positions in Solarcity Corp. The investment managers in our partner’s database reported: 41.81 million shares, down from 46.16 million shares in 2016Q1. Also, the number of investment managers holding Solarcity Corp in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 51 Reduced: 56 Increased: 64 New Position: 18.
SolarCity Corporation is a United States solar provider. The company has a market cap of $2.04 billion. The Firm is primarily 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. It currently has negative earnings. It operates through solar energy services and products segment.
The stock closed at $20.34 during the last session. It is down 37.70% since April 20, 2016 and is downtrending. It has underperformed by 43.63% the S&P500.
Analysts await SolarCity Corp (NASDAQ:SCTY) to report earnings on February, 14. They expect $-2.17 earnings per share, up 8.44% or $0.20 from last year’s $-2.37 per share. After $-2.27 actual earnings per share reported by SolarCity Corp for the previous quarter, Wall Street now forecasts -4.41% EPS growth.
J&P(China)Capital Management Co.Ltd holds 2.21% of its portfolio in SolarCity Corp for 286,328 shares. Antipodean Advisors Llc owns 119,000 shares or 1.72% of their US portfolio. Moreover, Hamilton Lane Advisors Llc has 0.77% invested in the company for 70,981 shares. The Massachusetts-based Harbourvest Partners Llc has invested 0.76% in the stock. Qvt Financial Lp, a New York-based fund reported 406,816 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 sales for $227,051 net activity.
Ratings analysis reveals 47% of SolarCity’s analysts are positive. Out of 19 Wall Street analysts rating SolarCity, 9 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $24 while the high is $124. The stock’s average target of $56.65 is 178.52% above today’s ($20.34) share price. SCTY was included in 42 notes of analysts from July 24, 2015. TH Capital maintained SolarCity Corp (NASDAQ:SCTY) on Monday, October 26 with “Buy” rating. The stock of SolarCity Corp (NASDAQ:SCTY) has “Buy” rating given on Monday, October 26 by Roth Capital. The stock of SolarCity Corp (NASDAQ:SCTY) has “Neutral” rating given on Friday, October 30 by Goldman Sachs. Stifel Nicolaus initiated the stock with “Buy” rating in Thursday, September 24 report. Axiom Capital downgraded the shares of SCTY in a report on Wednesday, November 16 to “Sell” rating. Zacks upgraded the shares of SCTY in a report on Tuesday, August 25 to “Sell” rating. The stock of SolarCity Corp (NASDAQ:SCTY) earned “Buy” rating by Canaccord Genuity on Thursday, July 30. The stock of SolarCity Corp (NASDAQ:SCTY) has “Overweight” rating given on Wednesday, May 11 by Morgan Stanley. TH Capital maintained SolarCity Corp (NASDAQ:SCTY) on Sunday, November 1 with “Buy” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, May 10.
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.
More notable recent SolarCity Corp (NASDAQ:SCTY) news were published by: Fool.com which released: “SolarCity Corp. Delivers Improved Results With Merger Vote Upcoming” on November 11, 2016, also Fool.com with their article: “Why SolarCity Corp’s Shares Popped 12% Today” published on November 04, 2016, Bloomberg.com published: “Tesla Seals $2 Billion SolarCity Deal” on November 17, 2016. More interesting news about SolarCity Corp (NASDAQ:SCTY) were released by: Investorplace.com and their article: “Is Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY) a Bankruptcy in the Making?” published on November 21, 2016 as well as Investorplace.com‘s news article titled: “SolarCity Corp (SCTY) Can Report Whatever It Wants” with publication date: November 08, 2016.
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By Winifred Garcia