24/7 Wall St.

So far 2016 has been a rocky year for everyone, and many investors are looking for cover, whether it’s from oil or other global markets. Both the Dow Jones Industrial Average and S&P 500 have felt a huge impact, even though it has only been about a month into the new year. If the adage proves to be true, “As goes January so goes the year,” in terms of market performance, investors might be in trouble.

We decided to pick out some companies that destroyed shareholders over the course of the past week. While these were not the four biggest absolute losers of the week, of the active stocks, these all issued or had news that took place and pushed shares down. 24/7 Wall St. has included their recent trading history, as well as the 52-week trading range and the consensus analyst price target.

SolarCity

After markets closed Tuesday, SolarCity Corp. (NASDAQ: SCTY) reported fourth-quarter and full-year 2015 results. For the quarter, the solar PV installer posted an adjusted diluted net loss per share of $2.42 on revenues of $115.48 million. In the same period a year ago, the company reported a net loss per share of $1.33 on revenues of $71.81 million. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for a loss per share of $2.59 on revenues of $105.62 million.

SolarCity projected operating expenses of $230 million to $240 million and an adjusted loss per share of between $2.55 and $2.65. Analysts had estimated a net loss of $2.36 per share. Another drag on the shares is the company’s estimated decline of 34% in first-quarter installations, which it describes as “a higher-than-usual seasonal slowdown.”

Over the course of the week, the stock dropped roughly 40%. Shares of SolarCity were trading at $17.38 at the end of Friday’s session, with a consensus analyst price target of $48.78 and a 52-week trading range of $16.90 to $63.79.

24/7 Wall St.
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