Shares of SolarCity Corp. (NASDAQ:SCTY) traded up 4% on Monday . The stock traded as high as $26.35 and last traded at $26.04, with a volume of 3,282,897 shares traded. The stock had previously closed at $25.04.

Several analysts have recently weighed in on the company. Bank of America Corp. reissued a “buy” rating and set a $40.00 price objective on shares of SolarCity Corp. in a report on Saturday, April 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $23.00 price objective on shares of SolarCity Corp. in a report on Wednesday, June 22nd. Robert W. Baird restated a “neutral” rating on shares of SolarCity Corp. in a research report on Thursday, April 7th. Barclays PLC restated a “sell” rating on shares of SolarCity Corp. in a research report on Wednesday, June 22nd. Finally, Avondale Partners restated a “market perform” rating and set a $30.00 target price on shares of SolarCity Corp. in a research report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. SolarCity Corp. presently has a consensus rating of “Hold” and an average target price of $32.55.

The stock’s 50-day moving average price is $23.01 and its 200-day moving average price is $26.36. The firm’s market capitalization is $2.58 billion.

SolarCity Corp. (NASDAQ:SCTY) last announced its quarterly earnings results on Monday, May 9th. The renewable energy company reported ($2.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.34) by $0.22. During the same period last year, the firm earned ($1.52) EPS. The firm earned $122.57 million during the quarter, compared to the consensus estimate of $108.44 million. The business’s revenue was up 81.6% compared to the same quarter last year. Equities analysts predict that SolarCity Corp. will post ($10.04) EPS for the current year.

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

Other hedge funds and institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its position in shares of 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 during the last quarter. Swiss National Bank raised its position in shares of SolarCity Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 79,000 shares of the renewable energy company’s stock valued at $4,031,000 after buying an additional 500 shares in the last quarter. First Trust Advisors LP raised its position in shares of SolarCity Corp. by 72.0% in the fourth quarter. First Trust Advisors LP now owns 152,319 shares of the renewable energy company’s stock valued at $7,771,000 after buying an additional 63,780 shares in the last quarter. Rhumbline Advisers raised its position in shares of SolarCity Corp. by 2.7% in the fourth quarter. Rhumbline Advisers now owns 53,035 shares of the renewable energy company’s stock valued at $2,706,000 after buying an additional 1,380 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of SolarCity Corp. by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 109,440 shares of the renewable energy company’s stock valued at $5,584,000 after buying an additional 900 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.

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