SolarCity Corp Director John H. N. Fisher Sells 30,000 Shares (SCTY)
SolarCity Corp (NASDAQ:SCTY) Director John H. N. Fisher unloaded 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $71.24, for a total value of $2,137,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
SolarCity Corp (NASDAQ:SCTY) traded down 1.27% on Tuesday, hitting $70.48. The stock had a trading volume of 2,820,995 shares. SolarCity Corp has a 1-year low of $28.31 and a 1-year high of $88.35. The stock has a 50-day moving average of $69.92 and a 200-day moving average of $64.72. The company’s market cap is $6.533 billion.
SolarCity Corp (NASDAQ:SCTY) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.99) by $0.47. The company had revenue of $61.30 million for the quarter, compared to the consensus estimate of $63.24 million. During the same quarter last year, the company posted ($0.31) earnings per share. SolarCity Corp’s revenue was up 61.7% compared to the same quarter last year. Analysts expect that SolarCity Corp will post $-3.99 EPS for the current fiscal year.
A number of analysts have recently weighed in on SCTY shares. Analysts at S&P Equity Research reiterated a “sell” rating on shares of SolarCity Corp in a research note on Tuesday, August 19th. They now have a $39.46 price target on the stock, down previously from $47.65. Separately, analysts at Robert W. Baird downgraded shares of SolarCity Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $83.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley initiated coverage on shares of SolarCity Corp in a research note on Thursday, August 14th. They set an “equal weight” rating and a $92.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $82.95.
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.