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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 Scalper1 News
Scalper1 News