SolarCity is up over 7% on Thursday and up over 400% year to date. SolarCity announced the opening of an operations center in New Jersey. Southern New Jersey has become a hot residential solar market and the new operation center is expected to deliver jobs as well as solar panels. T3 Live's Chief Strategic Officer Scott Redler looks at the chart from a technical point of view and has a price target of $65.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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