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Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:58 EDTSCTY, GTATStocks with call strike movement; GTAT SCTY
GT Advanced (GTAT) June 22 call option implied volatility increased 2% to 73, SolarCity (SCTY) July 80 call option implied volatility decreased 2% to 62 according to IVolatility.
News For GTAT;SCTY From The Last 14 Days
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September 3, 2015
04:41 EDTSCTYStocks with implied volatility movement; SDRL SCTY
Stocks with implied volatility movement; Seadrill (SDRL) 99, SolarCity (SCTY) 86 according to iVolatility.
September 2, 2015
07:03 EDTSCTYSolarCity creates new fund to finance $400M in solar projects
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August 27, 2015
11:00 EDTSCTYSolarCity shines after Morgan Stanley upgrades shares
The shares of SolarCity (SCTY) are jumping nearly 7% after Morgan Stanley upgraded the stock, saying that its recent plunge is inconsistent with the company's continued strong growth outlook. SolarCity specializes in equipping U.S. homes with solar power. WHAT'S NEW: SolarCity's shares have tumbled 21% in the past month, but residential solar's growth outlook is still strong, Morgan Stanley analyst Stephen Byrd wrote in a note to investors today. Moreover, SolarCity does not have the financing concerns that have afflicted other companies in the solar space, and the outlook of the overall residential solar sector remains strong, according to Byrd. Only 1% of U.S. households obtain their electricity from oil, so the huge decline in oil prices shouldn't affect SolarCity's business, the analyst believes. The drop in natural gas prices is more relevant, but the retreat will not significantly lower the electricity bills of consumers who get their electricity from natural gas, the analyst stated. Byrd estimated that each 50c decline in natural gas prices would only lower the electricity bills of California and New Jersey consumers by 2%. Consequently, SolarCity's business should not be derailed by the decline in natural gas prices, contended Byrd. Additionally, SolarCity's customer base has relatively high credit scores, added Byrd, who kept a $93 price target on the shares. WHAT'S NOTABLE: On August 24, Goldman Sachs wrote that SolarCity's stock was attractive following its retreat. The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm contended at that time. It kept an $85 price target and Conviction List Buy rating on the shares. ANOTHER TO WATCH: SunEdison (SUNE) recently agreed to buy Vivint Solar (VSLR), which also specializes in equipping homes with solar power. PRICE ACTION: In late morning trading, SolarCity surged 6.6% to $45.90.
10:00 EDTSCTYOn The Fly: Analyst Upgrade Summary
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09:26 EDTSCTYOn The Fly: Pre-market Movers
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07:59 EDTSCTYSolarCity upgraded at Morgan Stanley after 21% pullback over past month
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05:45 EDTSCTYStocks with implied volatility movement; SUNE SCTY
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05:17 EDTSCTYSolarCity upgraded to Overweight from Equal Weight at Morgan Stanley
August 26, 2015
12:05 EDTSCTYSolarCity tests support at $41
The $41 level has previously been an important support for the stock. A breakdown below $41 would be a major loss of support. Support below $41 is at $39.21. Resistance above is at $41.71.
08:58 EDTSCTYSolarCity sell-off has created attractive entry point, says Roth Capital
After meeting with SolarCity's VP, Investor Relations, Roth Capital says that the company is leading its industry in nearly every metric. The firm reiterates a $98 price target and Buy rating.
August 25, 2015
11:41 EDTSCTYSolarCity rises again after Chairman Musk buys shares
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09:59 EDTSCTYOn The Fly: Analyst Initiation Summary
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09:13 EDTSCTYOn The Fly: Pre-market Movers
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07:49 EDTSCTYSolarCity initiated with a Market Perform at Cowen
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August 24, 2015
16:46 EDTSCTYPresident Obama announces new renewable energy commitments
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16:03 EDTSCTYSolarCity Chairman Elon Musk buys 123,510 shares
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11:09 EDTSCTYGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
09:11 EDTSCTYSolarCity pullback on sector-wide trends a buying opportunity, says Goldman
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