Light Out For Solar City After Q4 Report

Solar City

shares are trading lower by $7.35 at $19 in Wednesday's session. The issue is lower by nearly 30 percent after its Q4 report. Despite a Q4 beat for EPS of $0.24 with 10M more in revenues, the company's prediction of a slower rate of growth in 2016 has investors fleeing the issue. After a lower open, it continued in that direction before finally finding support at $18.26 and rally over $3 to $21.95. That mars the lowest level for the issue since it bottomed in April 2013 at $18. The issue has shed nearly 70 percent since it peaked on December 17 at $58.87.