Vivint Solar (VSLR) has risen sharply, recording gains of 5.32% in the past 4 weeks. However, the stock has corrected -1.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.76% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Vivint Solar (NYSE:VSLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.86 and $2.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.97, notching a gain of 6.83% for the day. The total traded volume was 1,754,415 . The stock had closed at $2.78 on the previous day.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 2.59%. Vivint Solar, Inc. is up 20.73% in the last 3-month period. Year-to-Date the stock performance stands at -68.93%.
Vivint Solar (VSLR) : Currently there are 2 street experts covering Vivint Solar (VSLR) stock. The most bullish and bearish price target for the stock is $8 and $2 respectively for the short term. The average price target of all the analysts comes to $4.75. The estimated standard deviation from the target is $3.89.
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.