SolarCity Corp. EVP Unloads $185,370 in Stock (SCTY)
SolarCity Corp. (NASDAQ:SCTY) EVP Linda Keala unloaded 3,230 shares of the stock on the open market in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $57.39, for a total value of $185,369.70. Following the sale, the executive vice president now directly owns 5,311 shares in the company, valued at approximately $304,798. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of SolarCity Corp. (NASDAQ:SCTY) traded up 5.09% during mid-day trading on Thursday, hitting $59.71. The stock had a trading volume of 4,244,796 shares. SolarCity Corp. has a one year low of $11.95 and a one year high of $65.30. The stock has a 50-day moving average of $52.37 and a 200-day moving average of $43.85. The company’s market cap is $4.964 billion.
SolarCity Corp. (NASDAQ:SCTY) last released its earnings data on Wednesday, November 6th. The company reported ($0.43) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.47) by $0.04. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $41.40 million. The company’s revenue for the quarter was up 52.0% on a year-over-year basis.
A number of research firms have recently commented on SCTY. Analysts at Credit Suisse reiterated an “outperform” rating on shares of SolarCity Corp. in a research note to investors on Friday, November 15th. They now have a $75.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of SolarCity Corp. in a research note to investors on Thursday, November 14th. Finally, analysts at Robert W. Baird upgraded shares of SolarCity Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 14th. They now have a $71.00 price target on the stock, up previously from $50.00. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.20.
SolarCity Corporation (NASDAQ:SCTY) is engaged in the design, 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.
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