SolarCity Corporation (SCTY) : During the past 4 weeks, traders have been relatively bearish on SolarCity Corporation (SCTY), hence the stock is down -11.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.81% relative to the S&P 500. The 4-week change in the price of the stock is -11.15% and the stock has fallen -0.84% in the past 1 week.
SolarCity Corporation is up 7.11% in the last 3-month period. Year-to-Date the stock performance stands at -53.94%. The stock has recorded a 20-day Moving Average of 6.13% and the 50-Day Moving Average is 2.23%.
SolarCity Corporation (NASDAQ:SCTY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.31 and $23.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.50, notching a gain of 0.34% for the day. The total traded volume was 1,689,902 . The stock had closed at $23.42 on the previous day.
Also, Major Brokerage house, Baird downgrades its ratings on SolarCity Corporation (NASDAQ:SCTY). In the latest research report, Baird lowers the target price from $37 per share to $25 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 2, 2016.
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.