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Actionable news in SCTY: SolarCity Corporation,

Confidence in Musk's SolarCity Continues to Wane

The light isn't shining so brightly at SolarCity (SCTY) in 2016, as the company's stock has been beat up following its third consecutive lack luster earnings and growing investor concern over its business model.

Barclays analysts were the latest to weigh in on the nation's largest solar company, downgrading the stock to "underweight" from "equalweight" in a Monday note, citing headwinds facing the residential solar segment as a whole.

The analysts also lowered their expectations for their preferred residential solar segment name SolarEdge Technologies (SEDG) , which TheStreet pegged as a buying opportunity in May.

"SEDG remains our preferred exposure to the residential segment, and we maintain an [overweight] recommendation," Barclays' Jon Windham and Daniel Ford wrote. "However, given the headwinds facing the space, we reduce our [price target] to $28 from $35 [per share]."

The downgrade of SolarCity, which is chaired by Tesla Motors (TSLA) founder Elon Musk, adds to a growing list of concerning headlines for...