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Mark Holder

SolarCity: What Did You Expect?

SolarCity (SCTY) closed down 20% in after-hours trading as the company slashed forecasts. The real question is why anybody expected much out of a company that analysts expect to lose up to $10 per share prior to reporting Q1 earnings. The story though only got worse after reporting Q1 numbers.

If it wasn't clear already, avoid SolarCity. 

Disclosure: No position

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