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.
SolarCity expands operations to Western Massachusetts SolarCity is expanding its solar service to Western Massachusetts with a new operations center in Agawam. The new operations center is its fourth in Massachusetts. SolarCity will initially offer service to customers of National Grid and Western Massachusetts Electric in the region. There are approximately 30 staff working out of the Western Massachusetts operations center today and the company plans to fill an additional 50 positions for the facility.
SolarCity reiterated as a top pick at Goldman Goldman reiterated SolarCity as a Conviction Buy and a top pick with an $88 price target given secular growth potential and its disruptive business model. The analyst said SolarCity's near-term improving cash flow visibility is underappreciated and sees significant upside to shares.