Threshold Group adds SolarCity Corp (SCTY) to its portfolio

SolarCity Corp (SCTY) : Threshold Group added new position in SolarCity Corp during the most recent quarter end. The investment management firm now holds 11,145 shares of SolarCity Corp which is valued at $304,927 , the company said in a statement filed on Jul 26, 2016 with the SEC.SolarCity Corp makes up approximately 0.29% of Threshold Group’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group boosted its stake in SCTY in the latest quarter, The investment management firm added 4,262 additional shares and now holds a total of 72,452 shares of SolarCity Corp which is valued at $1,982,287. SolarCity Corp makes up approx 0.01% of Daiwa Securities Group’s portfolio. Equitec Proprietary Markets added SCTY to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $18,515. SolarCity Corp makes up approx 0.04% of Equitec Proprietary Markets’s portfolio.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.Cutler Group Lp boosted its stake in SCTY in the latest quarter, The investment management firm added 3,176 additional shares and now holds a total of 26,921 shares of SolarCity Corp which is valued at $652,027. SolarCity Corp makes up approx 0.04% of Cutler Group Lp’s portfolio.Dnb Asset Management As boosted its stake in SCTY in the latest quarter, The investment management firm added 151,643 additional shares and now holds a total of 293,099 shares of SolarCity Corp which is valued at $6,975,756. SolarCity Corp makes up approx 0.14% of Dnb Asset Management As’s portfolio.

SolarCity Corp closed down -0.18 points or -0.67% at $26.7 with 19,31,275 shares getting traded on Friday. Post opening the session at $26.94, the shares hit an intraday low of $26.3975 and an intraday high of $27.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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