Jasper Ridge Partners buys $397,094 stake in SolarCity Corp (SCTY)

SolarCity Corp (SCTY) : Jasper Ridge Partners scooped up 2,015 additional shares in SolarCity Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 16,755 shares of SolarCity Corp which is valued at $397,094.SolarCity Corp makes up approximately 0.03% of Jasper Ridge Partners’s portfolio.

Other Hedge Funds, Including , Apriem Advisors added SCTY to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $4,740.Public Sector Pension Investment Board boosted its stake in SCTY in the latest quarter, The investment management firm added 1,697,328 additional shares and now holds a total of 1,872,328 shares of SolarCity Corp which is valued at $44,374,174. SolarCity Corp makes up approx 0.53% of Public Sector Pension Investment Board’s portfolio.Baird Financial Group boosted its stake in SCTY in the latest quarter, The investment management firm added 1,977 additional shares and now holds a total of 12,630 shares of SolarCity Corp which is valued at $299,331.Teacher Retirement System Of Texas boosted its stake in SCTY in the latest quarter, The investment management firm added 1,650 additional shares and now holds a total of 8,848 shares of SolarCity Corp which is valued at $215,183. Gsa Capital Partners Llp sold out all of its stake in SCTY during the most recent quarter. The investment firm sold 22,387 shares of SCTY which is valued $554,974.

SolarCity Corp closed down -0.59 points or -2.68% at $21.46 with 23,05,079 shares getting traded on Monday. Post opening the session at $22.12, the shares hit an intraday low of $21.41 and an intraday high of $22.2 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *