Vivint Solar (VSLR) has risen sharply, recording gains of 7.28% in the past 4 weeks. However, the stock has corrected -0.61% in the past 1 week, providing a good buying opportunity on dips. Vivint Solar (VSLR) : Traders are bullish on Vivint Solar (VSLR) as it has outperformed the S&P 500 by a wide margin of 7.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.04%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.31% and the fifty day Moving Average is 5.4%. Vivint Solar, Inc. has dropped 13.37% during the last three month period . Year-to-Date the stock performance stands at -66.11%.
Vivint Solar (VSLR) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $7 and the lowest price target forecast is $2. The average forecast of all the analysts is $5.13 and the expected standard deviation is $2.42.
Vivint Solar (NYSE:VSLR): stock turned positive on Friday. Though the stock opened at $3.24, the bulls momentum made the stock top out at $3.32 level for the day. The stock recorded a low of $3.19 and closed the trading day at $3.24, in the green by 0.31%. The total traded volume for the day was 476,698. The stock had closed at $3.23 in the previous days trading.
Vivint Solar, Inc. is a provider of distributed solar energy, which is electricity generated by a solar energy system installed at customers locations. Through its investment funds, the Company owns an interest in the solar energy systems it installs and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives. The Company obtains financing based on these cash flows and incentives. When customers decide to move or sell the home prior to the end of their contract term, the customer contracts allow its customers to transfer their obligations to the new home buyer. The Company offers consultation, design and engineering process, installation and ongoing monitoring and services.