SolarCity Corp (SCTY) : Harbourvest Partners scooped up 36,884 additional shares in SolarCity Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 65,754 shares of SolarCity Corp which is valued at $1,558,370.SolarCity Corp makes up approximately 0.69% of Harbourvest Partners’s portfolio.
Other Hedge Funds, Including , Lombard Odier Transatlantic Limited Partnership added SCTY to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $9,480. SolarCity Corp makes up approx 0.01% of Lombard Odier Transatlantic Limited Partnership’s portfolio.Credit Suisse Ag boosted its stake in SCTY in the latest quarter, The investment management firm added 581,942 additional shares and now holds a total of 645,499 shares of SolarCity Corp which is valued at $15,298,326. SolarCity Corp makes up approx 0.02% of Credit Suisse Ag’s portfolio.Sg Americas Securities boosted its stake in SCTY in the latest quarter, The investment management firm added 77,613 additional shares and now holds a total of 137,443 shares of SolarCity Corp which is valued at $3,339,865. SolarCity Corp makes up approx 0.03% of Sg Americas Securities’s portfolio. Proficio Capital Partners added SCTY to its portfolio by purchasing 17 company shares during the most recent quarter which is valued at $454. 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.
SolarCity Corp closed down -1.88 points or -9.10% at $18.78 with 86,36,071 shares getting traded on Thursday. Post opening the session at $20.71, the shares hit an intraday low of $18.31 and an intraday high of $20.74 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, SolarCity Corp reported $-2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-2.51. The company had revenue of $185.80 million for the quarter, compared to analysts expectations of $147.31 million. The company’s revenue was up 80.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.
Many Wall Street Analysts have commented on SolarCity Corp. Shares were Downgraded by Robert W. Baird on Aug 2, 2016 to ” Neutral” and Lowered the Price Target to $ 25 from a previous price target of $37 .SolarCity Corp was Downgraded by Raymond James to ” Mkt Perform” on Aug 2, 2016. SolarCity Corp was Downgraded by Credit Suisse to ” Neutral” on Jul 1, 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 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.