Vivint Solar (NYSE:VSLR) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Vivint Solar (NYSE:VSLR) stock is expected to deviate a maximum of $3.89 from the average target price of $4.75 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $2.
Company shares have received an average consensus rating of Hold for the current week
Vivint Solar (NYSE:VSLR): stock turned positive on Tuesday. Though the stock opened at $2.77, the bulls momentum made the stock top out at $2.835 level for the day. The stock recorded a low of $2.7 and closed the trading day at $2.8, in the green by 4.87%. The total traded volume for the day was 726,789. The stock had closed at $2.67 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer of Vivint Solar, Inc., Lindquist Shawn J. had sold 55,148 shares worth of $768,212 in a transaction dated June 2, 2015. In this transaction, 55,148 shares were sold at $13.93 per share.
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.