SolarCity Won't Get Burned By Brexit, Analysts Say

Investors are scrambling to find out how their individual stocks or portfolio will perform following the Brexit vote.

Here's a look at how SolarCity Corp (NASDAQ: SCTY) and other solar-related names should perform, courtesy of analysts at Needham & Co. and Investopedia.

Investopedia cited a report by Needham's solar energy analyst Edwin Mok, saying SolarCity's business could very well be immune from the Brexit fallout given its lack of international exposure.

Related Link: Post-Brexit Analysis Shows Many ETFs Did Their Jobs

Mok added that if the Federal Reserve maintains interest rates at its current levels, then this would be a "positive" for the cost of capital for solar companies — specifically for SolarCity's bottom line.

On the other hand, the analyst suggested that the Brexit outcome could be a negative for solar module and inverter makers like First Solar, Inc. (NASDAQ: FSLR) and Solaredge Technologies Inc (NASDAQ: SEDG), as their revenue is priced in euro, which could affect their overall profit.