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SolarCity is the largest solar-panel installer in the U.S., and analysts said Wednesday that they expect it to grow even bigger, allowing it to reduce component and capital costs. Canaccord’s Josh Baribeau initiated coverage on SolarCity (SCTY) with a buy rating and a 94 price target. He anticipates that the solar-panel installer’s cash flow will “increase dramatically from its high-margin contracts in the next two to three years.” Shares jumped Scalper1 News
Scalper1 News