SolarCity Corp SCTY shares are trading higher by $3.94 at $57.83 in Thursday's session. It is trading higher in six of the last seven trading sessions, rallying from its December 8 close ($35.84) to $56.87 in today's session.
The combination of extended tax credits for users, new contracts and a few upgrades from Wall Street analyst have aided the rally.
After a higher open, it retreated to $55.35 before embarking on another rally. This marks the highest level for the issue since it peaked on August 6 at $60.60 , before it swooned to $24.07 following a disappointing Q3 report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
