Roth Affirms SolarCity (SCTY) at 'Buy' as CPUC Passes NEM 2.0
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/26/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Fox Factory sells Marucci Sports for $225M, cuts debt
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
SolarCity (SCTY) Comments on CPUC Metering Decision; CEO Rive Positive on Outcome
January 29, 2016 6:35 AM ESTSolarCity CEO Lyndon Rive released the following statement today about the California Public Utilities decision on net metering:
"Today's decision by the Public Utilities Commission will empower Californians to contribute to a cleaner, more affordable, more resilient, and more distributed grid. It will give us the time to... More
Asset Monetization Scenario Could Boost SolarCity (SCTY) and Sunrun (RUN) - Morgan Stanley
January 28, 2016 3:53 PM ESTIn addition to news that the California Public Utilities Commission (CPUC) voted 3-2 to continue net metering in California, shares of SolarCity (NASDAQ: SCTY) and Sunrun (NYSE: RUN) are strong today after Morgan Stanley analyst Stephen Byrd did a deep dive on a hypothetical asset monetization scenario. This after SolarCity discussed monetizing some of its assets via investments from private equity / infrastructure investors.
Byrd said potential positive catalyst on the horizon: asset monetizations could prove the value of SCTY and RUN's assets and highlight... More
Solar Industry Commends California PUC for Maintaining Net Metering
January 28, 2016 2:24 PM ESTThe Solar Energy Industries Association (SEIA) commended the California Public Utilities Commission (CPUC), which today voted 3-2 to continue net metering in California.
By voting to continue net metering in California, the CPUC is driving a stake in the ground and solidifying its place as Americas leading clean energy state, said Sean Gallagher, SEIAs Vice President of State Affairs. Todays decision hands Californians a projected $1.6 billion a year and seizes upon a golden opportunity to enable Golden States homes, and businesses of all kinds, to choose to go... More
UPDATE: SolarCity (SCTY), Sunrun (RUN) Advance After California PUC Preserves Net Metering
January 28, 2016 2:07 PM EST(Updated - January 28, 2016 2:15 PM EST)
SolarCity (Nasdaq: SCTY) and Sunrun (Nasdaq: RUN) advanced Thursday after California PUC approved a net-metering measure in a 3-2 vote. The decision protects rooftop solar.
... MoreNEM 2.0 Decision Key for SolarCity (SCTY), But Risk-Reward Becoming Favorable - Roth
January 27, 2016 10:14 AM ESTRoth Capital affirms SolarCity (Nasdaq: SCTY) with a Buy rating and $65 price target, noting that an attractive risk-reward relationship is building in the stock with shares down around 40 percent for 2016.
Analyst Philip Shen commented, The stock ... is likely not yet out of the... More
