SolarCity Corporation (SCTY) Shares are Up 4.35%

SolarCity Corporation (SCTY) has been under a strong bear grip, hence the stock is down -23.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.8% in the past 1 week. The stock has risen by 4.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -25.53% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 12.41% and the 50-Day Moving Average is 24.17%.The 200 Day SMA reached 36.62% SolarCity Corporation has dropped 17.92% during the last 3-month period . Year-to-Date the stock performance stands at -65.7%.


SolarCity Corporation (SCTY) : 7 Wall Street analysts covering SolarCity Corporation (SCTY) believe that the average level the stock could reach for the short term is $24.07. The maximum price target given is $26 and the minimum target for short term is around $20, hence the standard deviation is calculated at $1.88.

Company shares have received an average consensus rating of Hold for the current week SolarCity Corporation (NASDAQ:SCTY): The stock opened at $17.07 and touched an intraday high of $17.55 on Friday. During the day, the stock corrected to an intraday low of $16.2, however, the bulls stepped in and pushed the price higher to close in the green at $17.5 with a gain of 2.34% for the day. The total traded volume for the day was 5,951,822. The stock had closed at $17.5 in the previous trading session.

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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