SolarCity Downgraded On Escalating Stock, Competition

By | August 19, 2014

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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 Scalper1 News

Scalper1 News