SolarCity breaks out once again, levels to watch The stock is pushing higher, last at $64.77, breaking above prior resistance at $63.26 which is now support. At current price, next resistance is at $65.40 which is the session high.
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.