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Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:38 EDTSCTYSolarCity surges after analysts roll out research coverage
SolarCity (SCTY), which leases and sells solar energy systems, is climbing after a number of research firms began covering the stock with upbeat notes earlier today. Needham analyst Y. Edwin Mok initiated coverage of the name with a Buy rating and $17 price target. SolarCity's leasing model will be sustainable for at least two more years, enabling it to grow its business and control a larger share of solar assets, the analyst believes. The stock is attractive for longer term investors who are looking to leverage the strong growth of the U.S. residential solar market, Mok wrote. Also bullish on SolarCity was Credit Suisse, which initiated coverage of the shares with an Outperform rating and $22 price target. SolarCity's margins and valuation are attractive, the firm believes. The company is also benefiting from rising retail electricity prices, low interest rates, and stable federal incentives, according to Credit Suisse. Also today, Goldman Sachs initiated coverage of SolarCity with a Buy rating and $18 price target, Bank of America/Merrill Lynch started the stock with a Buy rating and $21 price target, and Roth Capital initiated coverage of the shares with a Buy rating and $20 target. In mid-morning trading, Solarcity climbed $1.80, or 12.50%, to $16.20.
News For SCTY From The Last 14 Days
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May 29, 2015
07:00 EDTSCTYSunEdison, SolarCity risk/rewards positive, says Deutsche Bank
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May 28, 2015
07:13 EDTSCTYSolarCity, BofA partner on renewable energy tax equity investment program
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06:56 EDTSCTYSolar stock weakness seems overdone, says JPMorgan
JPMorgan attributes the 7% selloff in Tier-1 solar company stocks since May 15 to negative news from Yingli (YGE) and Hanergy Thin Film. The firm believes Yingli's issues are company-specific and that Trina Solar (TSL) results are a better barometer for the solar industry than Yingli and Hanergy. The firm's top picks in Alternative Energy are Canadian Solar (CSIQ) and SolarCity (SCTY). It also has Overweight ratings on Cree (CREE), Enphase Energy (ENPH) and Veeco (VECO).
May 21, 2015
19:51 EDTSCTYSolarCity CEO says Tesla Battery works with solar homes
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May 18, 2015
15:25 EDTSCTYSolarCity management to meet with JPMorgan
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May 15, 2015
10:55 EDTSCTYJANA Partners gives quarterly update on stakes
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