Vetr Inc. announced SolarCity Corp (NASDAQ:SCTY), boosting its price target to $21.84 earlier today
- Updated: September 26, 2016
Having a price of $20.10, SolarCity Corp (NASDAQ:SCTY) traded 3.85% higher on the day. With the last close down -15.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SCTY has recorded a 50-day average of $20.61 and a two hundred day average of $23.76. Trade Volume was down over the average, with 3,055,456 shares of SCTY changing hands under the typical 3,595,870
Indicating a possible upside of 0.09%, Vetr Inc. bumped up the target of SolarCity Corp (NASDAQ:SCTY) to $21.84
On Thursday August 25, 2016, Cowen and Company released a statement on SolarCity Corp (NASDAQ:SCTY) upped the target price from $0.00 to $50.00 that suggested an upside of 1.24%.
Recent Performance Chart
SolarCity Corp has with a one year low of $16.20 and a one year high of $58.87 and has a total market value of $0.
A total of 17 analysts have released a research note on SCTY. 5 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $27.76.
About SolarCity Corp (NASDAQ:SCTY)
SolarCity Corporation sells renewable energy. The Company 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 Company operates through solar energy products and services segment. It integrates the sales, engineering, manufacturing, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers its customers 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. It installs solar energy system at its customer's premises and charge the customer a monthly fee for the power that its system produces. Its products, services and technologies include solar energy systems, customer agreements, grid control/energy storage systems, Zep Solar mounting systems and software.
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