SolarCity got a downgrade Tuesday because of its escalating stock price and the increasing competition from rivals, including a company expected to launch an initial public offering soon. That’s the assessment from Ben Kallo, an analyst for Robert W. Baird, in a research report released Tuesday. He cut his rating on SolarCity (SCTY) stock to neutral from outperform, but he kept his 83 price target. SolarCity stock was down 2.5% in early
SolarCity (SCTY) will face growing competition from energy and financial service companies just as the Investment Tax Credit (ITC) for solar installations is reduced, says Morgan Stanley, which initiated coverage on the company Thursday with an equal weight, or neutral, rating. SolarCity edged down a fraction in midday trading in the stock market today, near 71. SolarCity stock is up 25% in 2014. San Mateo, Calif.-based SolarCity’s chairman is
SolarCity (SCTY) will face growing competition from energy and financial service companies just as the Investment Tax Credit (ITC) for solar installations is reduced, says Morgan Stanley, which initiated coverage on the company Thursday with an equal weight, or neutral, rating. SolarCity edged down a fraction in midday trading in the stock market today, near 71. SolarCity stock is up 25% in 2014. San Mateo, Calif.-based SolarCity’s chairman is