SolarCity Corp Could Decline a Lot According to The Today’s Call Option Activity

 SolarCity Corp Could Decline a Lot According to The Today's Call Option Activity

In today’s session SolarCity Corp (SCTY) recorded an unusually high (3,065) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SCTY decrease. With 3,065 contracts traded and 5354 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SCTY161216P00015000 closed last at: $0.75 or 11.9% up. About 382,182 shares traded hands. SolarCity Corp (NASDAQ:SCTY) has declined 29.49% since April 11, 2016 and is downtrending. It has underperformed by 35.64% the S&P500.

SolarCity Corp (NASDAQ:SCTY) Ratings Coverage

Out of 19 analysts covering SolarCity (NASDAQ:SCTY), 9 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 47% are positive. $124 is the highest target while $24 is the lowest. The $56.65 average target is 187.56% above today’s ($19.7) stock price. SolarCity has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer on Friday, October 30 with “Outperform”. The company was downgraded on Tuesday, May 10 by Avondale. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 27. The firm has “Outperform” rating by Robert W. Baird given on Friday, July 24. The firm earned “Neutral” rating on Friday, October 30 by Goldman Sachs. On Monday, October 26 the stock rating was maintained by Roth Capital with “Buy”. On Wednesday, September 9 the stock rating was initiated by Oppenheimer with “Outperform”. The firm has “Hold” rating by Axiom Capital given on Thursday, October 6. The company was initiated on Thursday, September 24 by Stifel Nicolaus. UBS maintained the stock with “Neutral” rating in Wednesday, October 7 report.

According to Zacks Investment Research, “SolarCity Corporation provides clean energy services. The company offers solar power, energy efficiency and electric vehicle design, monitoring and maintenance services to homeowners, businesses, schools, non-profits, and government organizations in the United States. SolarCity is headquartered in San Mateo, California.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.17, from 0.94 in 2016Q1. The ratio is negative, as 51 funds sold all SolarCity Corp shares owned while 56 reduced positions. 18 funds bought stakes while 64 increased positions. They now own 41.81 million shares or 9.41% less from 46.16 million shares in 2016Q1.
The Japan-based Nomura Hldgs Inc has invested 0% in SolarCity Corp (NASDAQ:SCTY). Quinn Opportunity Partners Llc holds 9,000 shares or 0.08% of its portfolio. First Trust Advisors Lp accumulated 96,609 shares or 0.01% of the stock. Raymond James Financial Advsrs Incorporated has 0% invested in the company for 9,704 shares. Blackrock Fund Advsr holds 0% of its portfolio in SolarCity Corp (NASDAQ:SCTY) for 782,024 shares. Goldman Sachs owns 232,237 shares or 0% of their US portfolio. Vanguard Gru Inc reported 4.42M shares or 0.01% of all its holdings. Hutchin Hill Capital Ltd Partnership has 75,000 shares for 0.06% of their US portfolio. Daiwa Secs Grp has invested 0.01% of its portfolio in SolarCity Corp (NASDAQ:SCTY). Us Fincl Bank De accumulated 0% or 3,530 shares. Sg Americas Securities Lc accumulated 0.02% or 137,443 shares. The New York-based Jane Street Limited Co has invested 0% in SolarCity Corp (NASDAQ:SCTY). Jpmorgan Chase And has 604,207 shares for 0% of their US portfolio. Amer Rech & last reported 0% of its portfolio in the stock. Raymond James Assocs accumulated 71,270 shares or 0.01% of the stock.

Insider Transactions: Since May 15, 2016, the stock had 0 insider buys, and 2 insider sales for $170,212 net activity. Shares for $64,624 were sold by Serra Tanguy on Monday, August 15. Weissman Seth R had sold 4,420 shares worth $105,588. On Sunday, May 15 Barnard Hayden sold $69,762 worth of the stock or 3,428 shares.

SolarCity Corporation sells renewable energy. The company has a market cap of $1.97 billion. The Firm is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. It currently has negative earnings. The Firm operates through solar energy services and products segment.

SCTY Company Profile

SolarCity Corporation, incorporated on June 21, 2006, sells renewable energy. The Firm is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. The Firm operates through solar energy services and products segment. The Firm integrates the sales, engineering, manufacturing, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial, government and other customers. It offers its clients the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Firm installs solar energy system at its customer’s premises and charge the customer a monthly fee for the power that its system produces.

More notable recent SolarCity Corp (NASDAQ:SCTY) news were published by: Fool.com which released: “SolarCity Corp. Delivers Improved Results With Merger Vote Upcoming” on November 11, 2016, also Investorplace.com with their article: “SolarCity Corp (SCTY) Stock Makes One Last Cry for Help” published on November 10, 2016, Valuewalk.com published: “SolarCity Corp Reports Earnings But Tesla Merger In Focus” on November 09, 2016. More interesting news about SolarCity Corp (NASDAQ:SCTY) were released by: Fool.com and their article: “Why SolarCity Corp’s Shares Popped 12% Today” published on November 04, 2016 as well as Investorplace.com‘s news article titled: “SolarCity Corp (SCTY) Can Report Whatever It Wants” with publication date: November 08, 2016.

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