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Shares of SolarCity Corp (NASDAQ:SCTY) were the target of unusually large options trading activity on Tuesday. Traders purchased 16,518 put options on the stock, American Banking reports. This represents an increase of approximately 193% compared to the average volume of 5,647 put options.

A number of research firms have recently commented on SCTY. Analysts at Robert W. Baird raised their price target on shares of SolarCity Corp from $75.00 to $80.00 in a research note on Friday, May 9th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of SolarCity Corp in a research note on Thursday, May 8th. They now have a $75.00 price target on the stock. Finally, analysts at Roth Capital upgraded shares of SolarCity Corp from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $80.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. SolarCity Corp currently has a consensus rating of “Buy” and an average target price of $79.25.

SolarCity Corp (NASDAQ:SCTY) traded up 17.58% during mid-day trading on Tuesday, hitting $64.53. 24,095,020 shares of the company’s stock traded hands. SolarCity Corp has a 52 week low of $28.31 and a 52 week high of $88.35. The stock has a 50-day moving average of $51.82 and a 200-day moving average of $62.03. The company’s market cap is $5.943 billion.

SolarCity Corp (NASDAQ:SCTY) last released its earnings data on Wednesday, May 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.48. The company had revenue of $63.54 million for the quarter, compared to the consensus estimate of $53.39 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 111.9% on a year-over-year basis. On average, analysts predict that SolarCity Corp will post $-3.93 earnings per share for the current fiscal year.

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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