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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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April 16, 2015
11:03 EDTSCTYSolarCity initiated with an Outperform at Avondale
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April 15, 2015
12:14 EDTSCTYSolarCity active call on renewed takeover speculation
SolarCity April 56.5 and 57 calls are active on total call volume of 4K contracts (1K puts) on renewed takeover speculation. April call option implied volatility is at 45, May is at 52, July is at 42, October is at 37; compared to its 26-week average of 49 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
12:05 EDTSCTYRumor: SolarCity active on renewed takeover speculation
Shares of SolarCity (SCTY) are moving higher amid speculation Mitsubishi Electric may acquire the company.
April 13, 2015
08:14 EDTSCTYSolarCity announces partnership with Nest Labs
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April 9, 2015
08:16 EDTSCTYBofA/Merrill sees catalysts ahead for SolarCity
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