SolarCity Corporation (NASDAQ:SCTY) most recently reported quarterly actual earnings per share of $-2.32 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $-2.43. The difference between the estimate and the actual EPS was $0.11 creating a surprise factor of 4.53%. Currently, the company has an impact score of 51. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of -0.225. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $24.071 on the shares. The most bullish brokerage firm has a $25.5 target, while the most bearish sees the stock headed towards $20. This is according to the 7 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 3. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 7 recommendations taking into account in order to arrive at this number. Of the 7, 1 have a Strong Buy rating and 0 are rating it a Buy.
SolarCity Corporation (SolarCity) is engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Company’s solar energy products include Solar Energy Systems, and SolarLease and power purchase agreement finance products. The Company’s energy efficiency products and services include home energy evaluation and energy efficiency upgrades. The Company sells home energy efficiency evaluations to new solar energy system customers and existing customers. The Company’s other energy products and services include electric vehicle charging and energy storage. The Company sells renewable energy to its customers. As of December 12, 2012, the Company served customers in 14 states. In September 2013, it acquired the assets of Paramount Energy Solutions, LLC, doing business as Paramount Solar, a subsidiary of Paramount Equity.
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