SolarCity Seen Fine Despite Softness Short-Term

By | February 19, 2015

Scalper1 News

SolarCity’s (SCTY) spending to fuel expansion contributed to a wider-than-expected Q4 loss and tepid Q1 guidance, which didn’t win over investors Thursday despite continued praise from analysts. SolarCity stock was down 6% in afternoon trading in the stock market today, near 54. SolarCity stock is down 23% the past year, as many solar stocks have fallen with plummeting crude oil prices. SunEdison (SUNE) stock, though, was up 1% Thursday after Scalper1 News

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