SolarCity Corp. (NASDAQ:SCTY) shares fell 6.7% during mid-day trading on Monday . The company traded as low as $24.90 and last traded at $24.92, with a volume of 5,017,478 shares trading hands. The stock had previously closed at $26.70.

SCTY has been the topic of a number of recent analyst reports. Axiom Securities reaffirmed a “sell” rating on shares of SolarCity Corp. in a report on Saturday, April 23rd. Vetr raised SolarCity Corp. from a “buy” rating to a “strong-buy” rating and set a $37.31 price objective on the stock in a report on Monday, April 25th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $54.00 price objective on shares of SolarCity Corp. in a report on Monday, May 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $49.00 price objective on shares of SolarCity Corp. in a report on Tuesday, April 12th. Finally, Zacks Investment Research raised SolarCity Corp. from a “sell” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.12.

The firm’s market cap is $2.40 billion. The firm has a 50-day moving average of $24.23 and a 200-day moving average of $24.96.

SolarCity Corp. (NASDAQ:SCTY) last posted its earnings results on Monday, May 9th. The renewable energy company reported ($2.56) EPS for the quarter, missing the consensus estimate of ($2.34) by $0.22. During the same quarter in the prior year, the company posted ($1.52) EPS. The company earned $122.57 million during the quarter, compared to analysts’ expectations of $108.44 million. SolarCity Corp.’s revenue for the quarter was up 81.6% compared to the same quarter last year. Analysts predict that SolarCity Corp. will post ($9.92) EPS for the current fiscal year.

In related news, CRO Hayden Barnard sold 3,428 shares of SolarCity Corp. stock in a transaction 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 transaction, the executive now directly owns 137,374 shares in the company, 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 hyperlink. Also, CFO Tanguy Serra sold 2,617 shares of SolarCity Corp. 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 owns 23,088 shares in the company, valued at $473,534.88. The disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. California Public Employees Retirement System boosted 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 worth $5,584,000 after buying an additional 900 shares during the last quarter. Rhumbline Advisers boosted 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 worth $2,706,000 after buying an additional 1,380 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position 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 worth $1,046,000 after buying an additional 2,467 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 during 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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