Market Overview

Canaccord Initiates Coverage On Solar Sector

Share:
Related
Risk Arbitrage Trading Strategies
Elon Musk's Solar Ambitions Raise The Roof
Elon Musk Saves SolarCity (Seeking Alpha)

In Wednesday's morning summary, Canaccord Genuity initiated coverage on a number of companies in the solar sector.

The team at Canaccord noted, "The solar industry is utilizing new vehicles designed to lower the cost of capital through diversification, securitization, de-levering, etc. We believe that these innovations are the next great advancement in the industry."

Looking ahead, the team sees demand growing at a 10 percent CAGR in its bearish case and a 17 percent CAGR in its bullish case.

Buy

Latest Ratings for SCTY

DateFirmActionFromTo
Aug 2016Raymond JamesDowngradesStrong BuyMarket Perform
Aug 2016BairdDowngradesOutperformNeutral
Aug 2016Guggenheim SecuritiesDowngradesBuyNeutral

View More Analyst Ratings for SCTY
View the Latest Analyst Ratings

Posted-In: Canaccord Genuity SolarAnalyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (CSIQ + RGSE)

View Comments and Join the Discussion!