Goldman Sachs Group Inc. upgraded Vivint Solar Inc (NYSE:VSLR) to Neutral in a report released today.
- Updated: October 6, 2016
Yesterday Vivint Solar Inc (NYSE:VSLR) traded 0.00% even at $3.18. The company’s 50-day moving average is $3.14 and its 200-day moving average is $3.01. The last closing price is up 5.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 378,827 shares of the stock traded hands, down from an average trading volume of 739,480
Goldman Sachs Group Inc. has upgraded Vivint Solar Inc (NYSE:VSLR) to Neutral in a report released on 10/06/2016.
Previously on 9/08/2016, JMP Securities reported on Vivint Solar Inc (NYSE:VSLR) increased the target price from $0.00 to $9.00. At the time, this indicated a possible upside of 1.82%.
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Vivint Solar Inc has a 52 week low of $2.16 and a 52 week high of $12.85 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $4.95 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 1 broker rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Vivint Solar Inc (NYSE:VSLR)
Vivint Solar, Inc. primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers' locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company 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 has a process that enables it to design and install a custom solar energy system that delivers customer savings. The Company is a licensed contractor in the markets the Company serves and is responsible for each customer installation. Upon completion, the Company schedules the required inspections and arranges for interconnection to the power grid.
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