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Stifel Starts SolarCity At Buy, Sees 'Sizable Underpenetrated Market Opportunity'

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SCTY - Stifel Starts SolarCity At Buy, Sees 'Sizable Underpenetrated Market Opportunity'
  • Sven Eenmaa of Stifel initiated coverage of SolarCity with a Buy rating and $64 price target.
  • Eenmaa noted SolarCity's leading 34 percent market share in residential solar, making the stock "attractively valued."

Shares of SolarCity has been extremely volatile over the past 52 weeks, particularly on Wednesday, when the stock lost nearly 8 percent, noticeably underperforming the Nasdaq index that lost only 0.08 percent.

Sven Eenmaa of Stifel acknowledged that investment sentiment has...


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