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Vetr Inc. issued a report on SolarCity Corp (NASDAQ:SCTY), upping its stock price target to $20.26 earlier today

Vetr Inc. raised the target price of SolarCity Corp (NASDAQ:SCTY) to $20.26 stating a potential upside of 0.08%.

Previously on 10/03/2016, Vetr Inc. reported on SolarCity Corp (NASDAQ:SCTY) increased the target price from $0.00 to $20.26. At the time, this indicated a possible upside of 0.01%.

Just yesterday SolarCity Corp (NASDAQ:SCTY) traded -4.25% lower at $18.68. SolarCity Corp’s 50-day moving average is $19.53 and its 200-day moving average is $23.36. The last closing price is down -20.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,525,974 shares of SCTY traded hands, down from an average trading volume of 3,235,780

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SolarCity Corp (NASDAQ:SCTY)

SolarCity Corp has one year low of $16.20 and a one year high of $58.87 and has a market cap of $0.

In addition to Vetr Inc. reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $27.76 with 5 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 9 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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