Deutsche Bank Sees 'Several Catalysts Ahead' For SolarCity

Deutsche Bank issued a company update on SolarCity Corporation

ahead of TAM expansion and a battery announcement from Tesla Motors Inc.

. Currently Deutsche Bank rates SolarCity as a Buy with a $90 price target. Vishal Shah and Jerimiah Booream-Phelps, analysts at Deutsche Bank, wrote, "We expect a significant ramp in salesforce to translate into record bookings, new metrics to help investors better understand cash flow and upcoming battery announcement from TSLA to significantly improve the long term outlook for the stock….We expect net unlevered project-level cash flow metric to be updated and levered retained value to be introduced for the first time….We think this could help allay investor concerns around equity value creation potential." Tesla will be holding a battery event today Thursday April 30th that could signal that battery projections are decreasing faster than analyst expectations. Deutsche Bank believes that SolarCity could capitalize on their business relationship with Tesla to begin deploying and leasing low cost batteries on much larger scale to begin countering grid use charges or integrate more effectively with utilities. Helping to accelerate this trend solar companies such as SolarCity in markets such as California are actively pursuing rate policies supportive of widespread battery deployment. Shares of SolarCity last traded at $61.17. Shares of Tesla Motors last traded at $232.45