SolarCity Corporation (SCTY): Price Target and June Short Interest Disclosure

SolarCity Corporation (SCTY) : The highest short term price target forecast on SolarCity Corporation (SCTY) is $69 and the lowest target price is $19. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $33.67 with a standard deviation of $14.87.

SolarCity Corporation (SCTY), A rise of 64,984 shares or 0.2% was seen in the short interest of SolarCity Corporation. Even as the interest increased from 27,211,313 shares on June 15,2016 to 27,276,297 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 42.8% of the stocks floats. The stock has seen an average daily volume of 8,229,376 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Credit Suisse downgrades its rating on SolarCity Corporation (NASDAQ:SCTY).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, Credit Suisse lowers the new price target from $38 per share to $27 per share. The rating by the firm was issued on July 1, 2016.


SolarCity Corporation (NASDAQ:SCTY): stock turned positive on Thursday. Though the stock opened at $24.41, the bulls momentum made the stock top out at $24.84 level for the day. The stock recorded a low of $24.28 and closed the trading day at $24.65, in the green by 1.78%. The total traded volume for the day was 2,974,664. The stock had closed at $24.22 in the previous days trading.

SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales, engineering, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial and government customers. It offers its customers the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Companys products, services and technologies include solar energy systems, customer agreements, grid control / energy storage systems, Zep solar mounting systems and software. The Companys wholly owned subsidiary, Zep Solar, Inc. (Zep Solar) licenses its Zep Groove technology to photovoltaic module and power electronics manufacturers, and supplies the Company with complementary mounting and grounding hardware. The Company served customers in 15 states and the District of Columbia, United States.

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