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SolarCity's (SCTY +25.7%) big rally is "bubble-like," cautions Raymond James' Pavel Molchanov,...

SolarCity's (SCTY +25.7%) big rally is "bubble-like," cautions Raymond James' Pavel Molchanov, who tried to temper enthusiasm about First Solar last month. Molchanov warns a June 11 lockup expiration could "open the floodgates." Credit Suisse also cited the lockup when downgrading shares on Tuesday; the firm estimates the lockup will increase SolarCity's tradable float by 8x-10x. (earlier)
Comments (1)
  • davidtango
    , contributor
    Comment (1) | Send Message
     
    BS for you shorts. Every company has a lockup after ipo. The lockup is already accounted for in valuation.
    18 May 2013, 10:53 AM Reply Like
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