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Zacks Investment Research issued a report on SolarCity Corp (NASDAQ:SCTY), hiking its target price to $23.00 today

SolarCity Corp (NASDAQ:SCTY) had its target bumped up to $23.00 by Zacks Investment Research in an issued report released Wednesday November 23, 2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

Yesterday SolarCity Corp (NASDAQ:SCTY) traded 0.00% even at $20.34. The company’s 50-day moving average is $19.91 and its 200-day moving average is $21.59. The last stock close price is down -5.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 3,636,400

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SolarCity Corp (NASDAQ:SCTY)

SolarCity Corp has a 52 week low of $16.20 and a 52 week high of $58.87 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $27.76 with 5 firms rating the stock a strong buy, 3 firms rating the stock a buy, 9 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About SolarCity Corp (NASDAQ:SCTY)

SolarCity Corporation is a United States-based solar provider. The Company is primarily 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. It 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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