Vivint Solar (VSLR) : The consensus on Vivint Solar (VSLR) based on 3 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Vivint Solar (VSLR).
Vivint Solar (VSLR) : 2 Wall Street analysts covering Vivint Solar (VSLR) believe that the average level the stock could reach for the short term is $4.75. The maximum price target given is $8 and the minimum target for short term is around $2, hence the standard deviation is calculated at $3.89.
Vivint Solar (NYSE:VSLR): The stock opened at $2.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.93 for the day. The stock traded down to $2.80 during the day, due to lack of any buying support eventually closed down at $2.85 with a loss of -1.04% for the day. The stock had closed at $2.88 on the previous day. The total traded volume was 487,854 shares.
Also, Oppenheimer initiates coverage on Vivint Solar (NYSE:VSLR). The rating major has initiated the coverage with perform rating on the shares. The rating by the firm was issued on June 21, 2016. The company shares have dropped -71.68% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $16.00 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $3.00 and the 200 Day Moving Average price is recorded at $4.93.
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.