SolarCity price target raised to $81 from $71 at RW Baird Baird raised its price target on SolarCity to include higher MW deployments in 2016 and discounted the cash flows to 2014. The firm believes North America will see good growth in 2014 and the company should attain increased market share through its financing options and scale. Shares are Outperform rated.
SolarCity 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.
Stocks 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.