BUZZ-U.S. STOCKS ON THE MOVE-SolarCity, Fluidigm, LinkedIn, YRC
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was little changed on the last trading day of what could be the best month for stocks in four years as investors assessed consumer spending data and results from energy majors. The Dow Jones industrial average was up 0.15 percent at 17,781.66, the S&P 500 was up 0.13 percent at 2,092.07 and the Nasdaq Composite was up 0.12 percent at 5,080.241.
** SOLARCITY CORP, $29.75, -21.85 pct
** SUNRUN INC, Thursday close $8.91, -2.11 pct premarket
** SUNEDISON INC, Thursday close $8.33, -10.92 pct premarket
Elon Musk-controlled SolarCity said it plans to slow installation growth rate to roughly 40 percent in 2016 from an 80-90 percent growth rate in last nine years.
Tapering of growth expectations may reflect weakening market share position, Cowen & Co analyst Jeffrey Osborne says
SolarCity peers also fell.