Solar News: SolarCity Corp (SCTY)’s Acquisition, First Solar, Inc. (FSLR)’s Price Objective & SunPower Corporation (SPWR)

SolarCity Corp. PT Raised to $42.00 at Roth Capital (SCTY) (Zolmax)
SolarCity Corp (NASDAQ:SCTY) had its target price lifted by Roth Capital from $30.00 to $42.00 in a research note released on Thursday morning, Stock Ratings Network reports. They currently have a neutral rating on the stock. A number of other firms have also recently commented on SCTY. Analysts at Maxim Group initiated coverage on shares of SolarCity Corp (NASDAQ:SCTY) in a research note to investors on Tuesday, July 9th. They set a hold rating on the stock. Separately, analysts at Credit Suisse Group AG (NYSE:CS) upgraded shares of SolarCity Corp (NASDAQ:SCTY) from a neutral rating to an outperform rating in a research note to investors on Friday, June 14th.

Argus Lowers First Solar Price Target to $51.00 (FSLR) (UtahPeoplesPost)
First Solar, Inc. (NASDAQ:FSLR) had its price objective reduced by Argus from $55.00 to $51.00 in a report released on Friday, American Banking & Market News reports. Argus currently has a buy rating on the stock. Shares of  First Solar, Inc. (NASDAQ:FSLR) traded down 4.39% during mid-day trading on Friday, hitting $38.79.  First Solar, Inc. (NASDAQ:FSLR) has a 52 week low of $18.30 and a 52 week high of $59.00. The stock’s 50-day moving average is currently $46.15. The company has a market cap of $3.787 billion and a P/E ratio of 10.75.

SunPower Corporation (NASDAQ:SPWR) shares lose by 9.90% (FinancialStrend)
On the heels of its 2nd quarter earnings declaration, SunPower Corporation (NASDAQ:SPWR) is balanced at $25.20, having lost nearly 8.9% on the day. While the firm swung to a quarterly income and topped predictors’ per-share estimations, reacting to the firm’s third-quarter proceeds supervision or investors may be selling on the news, which was lower than predictors were expecting. The firm still has plenty of fans on Wall Street as well as Credit Suisse Group AG (NYSE:CS), Northland and Baird all upped their corresponding 12 month rate targets on the shares. What’s more, further value target climbs could be in the cards; the present agreement view of $22.99 sits below the reserve’s present price. SunPower Corporation (NASDAQ:SPWR) produced a GAAP gross margin of 18.7%.