SolarCity, SunPower Top Solar Ideas for Goldman Sachs Into Q1 Earnings
Shares of SolarCity (NASDAQ: SCTY) and SunPower (NASDAQ: SPWR) are up 7.4 and 6.3 percent, respectively, following bullish comments from Goldman Sachs.
Analyst Brian Lee expects a “solid” second quarter forecast of 120MW-130MW deployed for SolarCity, which would be a 50 percent increase quarter over quarter.
SunPower is set up for a “catch-up” trade, according to Lee.
The analyst is less bullish on First Solar (NASDAQ: FSLR) and said key metrics are unlikely to impress.
Latest Ratings for SCTY
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 2016 | Axiom Capital | Downgrades | Hold | Sell |
| Oct 2016 | Axiom Capital | Upgrades | Sell | Hold |
| Aug 2016 | Raymond James | Downgrades | Strong Buy | Market Perform |
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