Vivint Solar (VSLR) Shares are Up 8.75%

Vivint Solar (VSLR) : Traders are bullish on Vivint Solar (VSLR) as it has outperformed the S&P 500 by a wide margin of 3.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.7%, 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 8.75% in the last 1 week, and is up 4.19% 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 4.56% and the 50-Day Moving Average is 5.66%. Vivint Solar (NYSE:VSLR): On Fridays trading session , Opening price of the stock was $3.4 with an intraday high of $3.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.21. However, the stock managed to close at $3.23, a loss of 4.44% for the day. On the previous day, the stock had closed at $3.38. The total traded volume of the day was 845,597 shares.


The company Insiders own 5.2% of Vivint Solar shares according to the proxy statements. Institutional Investors own 88.61% of Vivint Solar shares. Also, Major Brokerage house, Oppenheimer upgrades its ratings on Vivint Solar (NYSE:VSLR). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Perform rating on the shares. The rating by the firm was issued on August 9, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.