SolarCity volatility may move on upgrade to Conviction Buy at Goldman SolarCity option implied volatility may pick up on upgrade to Conviction Buy from Neutral at Goldman. Overall option implied volatility of 67 is above its 26-week average of 63 according to Track Data, suggesting large price movement.
SolarCity selloff overdone, remains a top pick at Goldman Goldman said the selloff in SolarCity shares is overdone and remains a top pick across solar coverage. Analyst Brian Lee believes shares are poised to benefit from second half catalysts that include the November analyst day, incremental data around financing, and continued execution. Lee reiterates his Conviction Buy rating and $79 price target on shares.