Why SolarCity (SCTY) Stock Is Gaining Today

NEW YORK (TheStreet) -- SolarCity (SCTY) was gaining 7.4% to $61.30 Tuesday following research notes from Brean Capital and Goldman Sachs (GS), according to The Fly On The Wall.

In its note Goldman Sachs said that SolarCity is set-up favorably ahead of its earnings report. The firm said it expects the company to report deployments in the high-end of its guidance in its quarterly report. Goldman Sachs has a "conviction buy" rating for SolarCity.

Brean Capital helped raise the company's stock with its new "buy" rating for competitor SunPower (SPWR), which also commented on the growth in the Asia-Pacific solar market.

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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 some concerns, 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. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins, generally high debt management risk and feeble growth in its earnings per share."

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