Investors are scrambling to find out how their individual stocks or portfolio will perform following the Brexit vote.
Here's a look at how SolarCity Corp SCTY and other solar-related names should perform, courtesy of analysts at Needham & Co. and Investopedia.
Investopedia cited a report by Needham's solar energy analyst Edwin Mok, saying SolarCity's business could very well be immune from the Brexit fallout given its lack of international exposure.
Mok added that if the Federal Reserve maintains interest rates at its current levels, then this would be a "positive" for the cost of capital for solar companies — specifically for SolarCity's bottom line.
On the other hand, the analyst suggested that the Brexit outcome could be a negative for solar module and inverter makers like First Solar, Inc. FSLR and Solaredge Technologies Inc SEDG, as their revenue is priced in euro, which could affect their overall profit.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.