Avondale Partners Initiates SolarCity At Market Outperform

Analysts at Avondale Partners initiated coverage on SolarCity Corp (NASDAQ: SCTY) with a Market Outperform rating.

The target price for SolarCity is set to $62.

SolarCity shares have dropped 0.21 percent over the past 52 weeks, while the S&P 500 index has gained 12.45 percent in the same period.

SolarCity Power shares rose 0.81 percent to close at $57.01 yesterday.