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

A number of analysts have commented on the stock. Bank of America Corp. reaffirmed a “buy” rating and set a $40.00 price objective on shares of SolarCity Corp. in a research note on Saturday, April 9th. Guggenheim assumed coverage on shares of SolarCity Corp. in a research note on Tuesday, May 3rd. They set a “buy” rating and a $38.00 price objective for the company. Zacks Investment Research downgraded SolarCity Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $54.00 target price on shares of SolarCity Corp. in a report on Monday, May 2nd. Finally, Avondale Partners reiterated an “outperform” rating and issued a $40.00 target price on shares of SolarCity Corp. in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.55.

The stock’s market capitalization is $2.70 billion. The company has a 50-day moving average of $23.68 and a 200 day moving average of $25.53.

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

In other SolarCity Corp. 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 value of $69,759.80. Following the sale, the executive now owns 137,374 shares in the company, valued at approximately $2,795,560.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the sale, the chief financial officer now owns 23,088 shares in the company, valued at approximately $473,534.88. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in SCTY. Fort Washington Investment Advisors Inc. OH boosted 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 valued at $1,046,000 after buying an additional 2,467 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $2,173,000 after buying an additional 1,078 shares during the period. 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 valued at $2,706,000 after buying an additional 1,380 shares during the period. Swiss National Bank raised its position 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 valued at $4,031,000 after buying an additional 500 shares during the period. Finally, 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 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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