Morgan Stanley Upgrades SolarCity, Recent Underperformance Inconsistant With Strong Fundamentals

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Morgan Stanley says the growth outlook for residential solar projects remain health. The bank believes the recent sell unfairly punishes the stock considering the price decline came from the drop in oil prices, key peer solar stock selloffs, and an overall fearful market place. Morgan further believes SolarCity will not need to tap into equity markets to fund 2016 growth prospects
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