SolarCity Corp. (NASDAQ:SCTY) shares were down 2.5% during mid-day trading on Thursday . The stock traded as low as $26.19 and last traded at $26.27, with a volume of 2,065,181 shares changing hands. The stock had previously closed at $26.95.

Several research analysts have issued reports on SCTY shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $37.00 price target on shares of SolarCity Corp. in a report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $49.00 price target on shares of SolarCity Corp. in a report on Thursday, March 31st. Axiom Securities reaffirmed a “sell” rating on shares of SolarCity Corp. in a report on Saturday, April 23rd. Barclays PLC downgraded shares of SolarCity Corp. from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $35.00 to $28.00 in a research note on Monday, June 20th. Finally, Stifel Nicolaus cut their target price on shares of SolarCity Corp. from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.55.

The firm has a 50-day moving average price of $23.41 and a 200-day moving average price of $26.18. The stock’s market capitalization is $2.60 billion.

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

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

Several hedge funds recently made changes to their positions in SCTY. Fort Washington Investment Advisors Inc. OH increased 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 last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 boosted 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 boosted 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. boosted 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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