Why SolarCity (SCTY) Is Gaining Today

NEW YORK (TheStreet) -- SolarCity (SCTY) was gaining 5.6% to $77.46 Wednesday after the solar panel produce announced a partnership with Best Buy (BBY).

The partnership will put SolarCity representative in several Best Buy stores across the U.S. The solar panel provider already has representatives in 35 Best Buy stores in California. The program will bring representatives to 15 other stores in Arizona, New York, and Hawaii.

The SolarCity representatives will help homeowners who want to use solar power in their homes. They can give estimates or potential electricity savings and show potential customers what the panels will look like. While the program is small it could help lead to more customers for the solar panel maker.

SolarCity has a similar retail partnership with Home Depot (HD).

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TheStreet Ratings team rates SOLARCITY CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SOLARCITY CORP (SCTY) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures."

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