SolarCity Corporation (SCTY) Shares are Down -6.17%

SolarCity Corporation (SCTY) : During the past 4 weeks, traders have been relatively bearish on SolarCity Corporation (SCTY), hence the stock is down -17.24% 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 -5.55% relative to the S&P 500. The 4-week change in the price of the stock is -17.42% and the stock has fallen -6.17% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 8.03% and the fifty day Moving Average is 8.88%. SolarCity Corporation has dropped 0.94% during the last three month period . Year-to-Date the stock performance stands at -56.78%.

SolarCity Corporation (SCTY) : 8 Wall Street analysts covering SolarCity Corporation (SCTY) believe that the average level the stock could reach for the short term is $24.19. The maximum price target given is $26 and the minimum target for short term is around $20, hence the standard deviation is calculated at $1.77.


SolarCity Corporation (NASDAQ:SCTY): On Fridays trading session , Opening price of the stock was $22.53 with an intraday high of $22.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.01. However, the stock managed to close at $22.05, a loss of 1.39% for the day. On the previous day, the stock had closed at $22.36. The total traded volume of the day was 1,520,807 shares.

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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