SolarCity Corp ‘Struggling To Exceed Lofty Expectations’

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SolarCity Corp ‘Struggling To Exceed Lofty Expectations’
By BrokenSphere (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

SolarCity Corp (NASDAQ:SCTY) on Thursday posted a narrower than expected loss for the third-quarter following which Morgan Stanley issued an Equal-weight rating on the firm along with a price target of $92. In the report, Morgan Stanley analyst Timothy Radcliff noted that the company’s struggle to “exceed its “lofty expectations,” may continue.

Analyst cites competitive headwinds for SolarCity

Morgan Stanley analyst Timothy Radcliff suggested in the report that the company is marching ahead at an impressive pace, booking 230 MW or more than 150% more than third-quarter of 2013. The analyst added that the deployment of