SolarCity Corp (SCTY) : D. Scott Neal scooped up 1,000 additional shares in SolarCity Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 2,395 shares of SolarCity Corp which is valued at $64,545.SolarCity Corp makes up approximately 0.06% of D. Scott Neal’s portfolio.
Other Hedge Funds, Including , Hartford Financial Management sold out all of its stake in SCTY during the most recent quarter. The investment firm sold 130 shares of SCTY which is valued $3,255.Hamilton Lane Advisors boosted its stake in SCTY in the latest quarter, The investment management firm added 4,971 additional shares and now holds a total of 70,981 shares of SolarCity Corp which is valued at $1,719,160. SolarCity Corp makes up approx 0.81% of Hamilton Lane Advisors’s portfolio.
SolarCity Corp opened for trading at $26.41 and hit $27.48 on the upside on Wednesday, eventually ending the session at $26.95, with a gain of 2.63% or 0.69 points. The heightened volatility saw the trading volume jump to 49,54,749 shares. Company has a market cap of $2,649 M.
On the company’s financial health, SolarCity Corp reported $-2.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-2.37. The company had revenue of $122.57 million for the quarter, compared to analysts expectations of $110.02 million. The company’s revenue was up 81.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.52 EPS.
Many Wall Street Analysts have commented on SolarCity Corp. SolarCity Corp was Downgraded by Credit Suisse to ” Neutral” on Jul 1, 2016. SolarCity Corp was Upgraded by Avondale to ” Mkt Outperform” on Jun 28, 2016. Shares were Downgraded by Morgan Stanley on Jun 23, 2016 to ” Equal-Weight” and Lowered the Price Target to $ 24 from a previous price target of $34 .
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 Company’s products services and technologies include solar energy systems customer agreements grid control / energy storage systems Zep solar mounting systems and software. The Company’s 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.