SolarCity Corp. (SCTY) Scheduled to Post Earnings on Monday
SolarCity Corp. (NASDAQ:SCTY) will release its Q413 earnings data on Monday, February 24th. Analysts expect SolarCity Corp. to post earnings of ($0.56) per share and revenue of $42.88 million for the quarter.
SolarCity Corp. (NASDAQ:SCTY) opened at 75.52 on Friday. SolarCity Corp. has a 1-year low of $15.88 and a 1-year high of $79.99. The stock has a 50-day moving average of $70.60 and a 200-day moving average of $51.49. The company’s market cap is $6.278 billion.
A number of analysts have recently weighed in on SCTY shares. Analysts at Robert W. Baird downgraded shares of SolarCity Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $81.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at JPMorgan Chase & Co. downgraded shares of SolarCity Corp. from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 21st. They now have a $68.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank initiated coverage on shares of SolarCity Corp. in a research note on Thursday, January 16th. They set a “buy” rating and a $90.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. SolarCity Corp. has a consensus rating of “Buy” and an average price target of $75.57.
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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