Canada Markets closed

SolarCity (SCTY) Jumps: Stock Rises 17.6%

Zacks Equity Research

SolarCity Corporation (SCTY) was a big mover last session, as its shares rose almost 18% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $48.08 to $55.07 in the past one-month timeframe.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm going forward.

SolarCity currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the oil-energy sector include C&J Energy Services, Inc. (CJES), Pembina Pipeline Corporation (PBA)and Alon USA Partners, LP (ALDW). All three sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

C&J ENERGY SERVICES INC (CJES): Free Stock Analysis Report

SOLARCITY CORP (SCTY): Free Stock Analysis Report

ALON USA PARTNERS LP (ALDW): Free Stock Analysis Report

PEMBINA PIPELINE CORP (PBA): Free Stock Analysis Report

Zacks Investment Research