SolarCity Corp. (NASDAQ:SCTY)’s share price dropped 2.5% during trading on Thursday . The company traded as low as $26.19 and last traded at $26.27, with a volume of 2,065,181 shares. The stock had previously closed at $26.95.

SCTY has been the subject of a number of research reports. Deutsche Bank AG reissued a “buy” rating and issued a $49.00 price target on shares of SolarCity Corp. in a research note on Thursday, March 31st. Robert W. Baird reissued an “outperform” rating and issued a $37.00 price target on shares of SolarCity Corp. in a research note on Wednesday. Axiom Securities reissued a “sell” rating on shares of SolarCity Corp. in a research note on Saturday, April 23rd. Barclays PLC cut shares of SolarCity Corp. from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $35.00 to $28.00 in a research note on Monday, June 20th. Finally, Vetr raised shares of SolarCity Corp. from a “hold” rating to a “buy” rating and set a $26.42 price target for the company in a research note on Wednesday, March 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.55.

The company’s market capitalization is $2.60 billion. The stock’s 50-day moving average price is $23.19 and its 200 day moving average price is $26.37.

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

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

Other large investors have modified their holdings of the company. Fort Washington Investment Advisors Inc. OH raised its stake in shares of 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 valued at $1,046,000 after buying an additional 2,467 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of 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 valued at $2,173,000 after buying an additional 1,078 shares during the period. Rhumbline Advisers raised its stake 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 during the period. Swiss National Bank raised its stake 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 during the period. Finally, Whittier Trust Co. raised its stake in shares of SolarCity Corp. by 12.7% in the fourth quarter. Whittier Trust Co. now owns 79,450 shares of the renewable energy company’s stock valued at $4,054,000 after buying an additional 8,983 shares during the period.

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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