SolarCity Corp. (NASDAQ:SCTY) shares shot up 2.5% during mid-day trading on Monday . The stock traded as high as $27.48 and last traded at $27.11, with a volume of 2,876,911 shares. The stock had previously closed at $26.45.

Several brokerages have recently issued reports on SCTY. Axiom Securities reiterated a “sell” rating on shares of SolarCity Corp. in a research note on Saturday, April 23rd. Vetr upgraded shares of SolarCity Corp. from a “buy” rating to a “strong-buy” rating and set a $37.31 target price on the stock in a research note on Monday, April 25th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $54.00 target price on shares of SolarCity Corp. in a research note on Monday, May 2nd. Deutsche Bank AG reiterated a “buy” rating and issued a $49.00 target price on shares of SolarCity Corp. in a research note on Tuesday, April 12th. Finally, Zacks Investment Research upgraded shares of SolarCity Corp. from a “sell” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.55.

The firm’s market capitalization is $2.70 billion. The company’s 50 day moving average is $23.41 and its 200 day moving average is $26.18.

SolarCity Corp. (NASDAQ:SCTY) last issued its quarterly earnings results on Monday, May 9th. The renewable energy company reported ($2.56) earnings per share 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 analyst estimates of $108.44 million. The company’s revenue was up 81.6% on a year-over-year basis. During the same period last year, the business earned ($1.52) EPS. On average, equities analysts predict 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 the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $20.35, for a total transaction of $69,759.80. Following the completion of the transaction, the executive now owns 137,374 shares in the company, valued at approximately $2,795,560.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tanguy Serra sold 2,617 shares of the business’s stock in a transaction that occurred on 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 owns 23,088 shares of the company’s stock, valued at approximately $473,534.88. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in 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 worth $7,771,000 after buying an additional 63,780 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SolarCity Corp. by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 193,069 shares of the renewable energy company’s stock worth $9,850,000 after buying an additional 17,081 shares in the last quarter. Whittier Trust Co. raised its position in SolarCity Corp. by 12.7% in the fourth quarter. Whittier Trust Co. now owns 79,450 shares of the renewable energy company’s stock worth $4,054,000 after buying an additional 8,983 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position 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. Finally, Rhumbline Advisers raised its position 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.

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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