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Goldman Sachs upgraded Vivint Solar (NYSE:VSLR) from Sell to Neutral in a report released today.

Goldman Sachs has upgraded Vivint Solar (NYSE:VSLR) from Sell to Neutral in a report released on Friday October 07, 2016.

Yesterday Vivint Solar (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 stock close 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. 378,827 shares of the stock were exchanged, down from an average trading volume of 739,480

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Vivint Solar (NYSE:VSLR)

Vivint Solar 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 reporting its target price, a total of 5 brokers have issued a report on VSLR. The one year target is $4.95 with one equity analyst rating the company a strong buy, 1 brokerage rating the stock a buy, 1 brokerage rating the stock a hold, 2 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell.

General Company Details For Vivint Solar (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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