SolarCity risk/rewards favorable, says Goldman Goldman views SolarCity's recent pullback as a favorable buying opportunity given recent data that indicates solid rooftop growth in key states and capital availability. The firm sees upside close to $120 per share vs. downside of $40-$45 per shares. The firm rates SolarCity a Conviction Buy with an $85 price target.
Solar 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).