SolarCity Corp. (NASDAQ:SCTY)’s share price shot up 4% during mid-day trading on Monday . The stock traded as high as $26.35 and last traded at $26.04, with a volume of 3,282,897 shares changing hands. The stock had previously closed at $25.04.

Several brokerages have recently issued reports on SCTY. Raymond James Financial Inc. reiterated a “buy” rating and issued a $50.00 price target on shares of SolarCity Corp. in a research note on Thursday, May 19th. Robert W. Baird reissued a “neutral” rating on shares of SolarCity Corp. in a report on Thursday, April 7th. Deutsche Bank AG downgraded SolarCity Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $32.00 to $25.00 in a report on Wednesday, June 22nd. Axiom Securities reissued a “sell” rating and set a $7.00 price objective on shares of SolarCity Corp. in a report on Friday, May 6th. Finally, Guggenheim assumed coverage on SolarCity Corp. in a report on Tuesday, May 3rd. They set a “buy” rating and a $38.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.55.

The company’s market capitalization is $2.58 billion. The company has a 50 day moving average price of $22.80 and a 200 day moving average price of $26.89.

SolarCity Corp. (NASDAQ:SCTY) last announced its quarterly earnings data on Monday, May 9th. The renewable energy company reported ($2.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.34) by $0.22. The firm earned $122.57 million during the quarter, compared to analysts’ expectations of $108.44 million. During the same quarter in the prior year, the business earned ($1.52) earnings per share. The company’s revenue was up 81.6% on a year-over-year basis. On average, equities research analysts predict that SolarCity Corp. will post ($10.04) earnings per share for the current fiscal year.

In other news, CRO Hayden Barnard sold 3,428 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $20.35, for a total transaction of $69,759.80. Following the transaction, the executive now directly owns 137,374 shares of the company’s stock, valued at $2,795,560.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tanguy Serra sold 2,617 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $20.51, for a total value of $53,674.67. Following the transaction, the chief financial officer now directly owns 23,088 shares in the company, valued at $473,534.88. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH raised its stake in SolarCity Corp. by 13.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 20,497 shares of the renewable energy company’s stock worth $1,046,000 after buying an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in SolarCity Corp. by 2.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 42,590 shares of the renewable energy company’s stock worth $2,173,000 after buying an additional 1,078 shares in the last quarter. Rhumbline Advisers raised its stake in SolarCity Corp. by 2.7% in the fourth quarter. Rhumbline Advisers now owns 53,035 shares of the renewable energy company’s stock worth $2,706,000 after buying an additional 1,380 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in SolarCity Corp. by 2.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 69,856 shares of the renewable energy company’s stock worth $3,564,000 after buying an additional 1,968 shares in the last quarter. Finally, Swiss National Bank raised its stake in SolarCity Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 79,000 shares of the renewable energy company’s stock worth $4,031,000 after buying an additional 500 shares in the last quarter.

SolarCity Corporation sells renewable energy. The Company is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Company operates through solar energy products and services segment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.