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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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September 29, 2014
09:37 EDTSCTYActive equity options trading on open
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September 26, 2014
06:42 EDTSCTYSolarCity management to meet with Roth Capital
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September 24, 2014
08:41 EDTSCTYSolarCity reiterated as a top pick at Goldman
Goldman believes SolarCity's $500M convertible offering yesterday, the closing of its Silevo acquisition, and New York state financing package removes an overhang. The firm views recent weakness as an attractive entry point and reiterates SolarCity as a top pick in the sector. Shares are Conviction Buy rated with a $96 price target.
September 23, 2014
16:57 EDTSCTYSolarCity down over 2% after announcing convertible note offering
16:52 EDTSCTYSolarCity files to sell $500M of convertible senior notes due 2019
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11:53 EDTSCTYStocks with call strike movement; SCTY TWTR
SolarCity (SCTY) February 72.5 call option implied volatility decreased 3% to 54, Twitter (TWTR) January 62.5 call option implied volatility increased 2% to 47 according to IVolatility.

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