Barclays analyst Jon Windham downgraded SolarCity (SCTY) to Equal Weight citing the company's "weak" installation growth and guidance in Q4 and as well as investors' increasing focus on the company's near-term funding needs. Further, the U.S. Supreme Court ruling may delay action on the Clean Power Plan, Windham tells investors in a research note. He cut his price target for SolarCity shares to $20 from $49. The analyst also downgraded this morning Sunrun (RUN) to Equal Weight. Windham's top pick in the space remains First Solar (FSLR).
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSnCino (NCNO) up... To see the rest of the story go to thefly.com. See Story Here
Roivant Sciences (ROIV) will replace Sunrun (RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations (PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions.
Roivant Sciences (ROIV) will replace Sunrun (RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations (PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions.