SolarCity Corp (NASDAQ: SCTY)
SolarCity wasn’t having the best of days to begin with today. However, things just started to get worse. Minutes ago, the stock started to experience a high momentum decline. Below, we’ll talk about what we’re seeing from the stock, why the stock is falling, and what we can expect to see from SCTY moving forward.
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What We’re Seeing From SCTY
As mentioned above, today didn’t start out as one of the best days for SolarCity by any stretch of the imagination. However, late in the trading session, things are starting to go from bad to worse, as we’re seeing some high-momentum declines. Currently (1:38), SCTY is trading at $20.01 per share after a loss of $0.52 per share, or 2.53%.
Why The Stock Is Seeing Declines
While we haven’t seen very much by way of fundamental news out of SCTY today, we have pinpointed the reason for the declines. At the moment, we’re seeing big blocks of put options dropping bombs on the stock. As a result of the speculation that SolarCity is going to see declines ahead, we’re seeing the high-momentum fall now.
Moving forward, I have a relatively mixed opinion of what we can expect to see from SCTY. In the short- and mid-term, I am expecting to see declines. Low energy costs are slowing growth in demand, and there are plenty of hurdles that SolarCity, as a stand-alone company, needs to find its way over. However, in the long run, I have an incredibly bullish opinion on the solar industry as a whole and a relatively bullish opinion of what we can expect to see from SCTY.
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