Vivint Solar (VSLR) : Traders are bullish on Vivint Solar (VSLR) as it has outperformed the S&P 500 by a wide margin of 9.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.62% in the last 1 week, and is up 9.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.49% and the 50-Day Moving Average is 6.02%.The 200 Day SMA reached 34.57%.
Vivint Solar (NYSE:VSLR): After opening at $3.2, the stock dipped to an intraday low of $3.17 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.271 and the buying power remained strong till the end. The stock closed at $3.26 for the day, a gain of 1.88% for the day session. The total traded volume was 472,015. The stocks close on the previous trading day was $3.2.
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.