SolarCity Corp (SCTY) Stock: Can It Stage A Recovery?
As SolarCity Sinks, Is Recovery Realistic Or A Bad Joke? As SolarCity Sinks, Is Recovery Realistic Or A Bad Joke? Analysts are bullish, the stock is overbought but the prospects don't look good as the Investment Tax Credit ends. What now for Elon Musk's other brainchild? Nov 11, 2015 at 1:09 pm Est SolarCity Corp (SCTY) Stock: Can It Stage A Recovery? By Micheal Kaufman on Nov 11, 2015 at 1:09 pm Est Tuesday was a bad day for solar powered stocks, as the sun went out on earnings and revenues. SunEdison was one, Elon Musk's SolarCity Corp ( NASDAQ:SCTY ) is another. This one only slipped 2% on Tuesday, adding to earlier losses provoked by October 29's publication of a poor 3Q earnings result. It registered a loss-per-share of $2.41, passing the consensus projection of $1.91, the lowest earnings in the last ten quarters. Approaching Support Amid Grossly Oversold Readings Amid grossly oversold daily momentum readings, the stock is approaching a support at $22.59.Read full article from SolarCity Corp (SCTY) Stock: Can It Stage A Recovery?
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