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Fly News Breaks for November 13, 2015
SCTY
Nov 13, 2015 | 08:27 EDT
Bernstein says that upcoming tax and regulatory changes will erode SolarCity's cash flow in 2017 and lower its access to financing. The firm expects the stock to underperform in the near-term due to its belief that California will curtail its net metering policies by the end of 2015. However, it believes that SolarCity can continue to grow, and it thinks that further drops in the stock could provide a good entry point. Target $30.
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