Vivint Solar Inc (NYSE:VSLR) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Just yesterday Vivint Solar Inc (NYSE:VSLR) traded 0.00% even at $3.19. Vivint Solar Inc’s 50-day moving average is $3.13 and its 200-day moving average is $3.01. The last stock price is up 5.81% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 102,731 shares of VSLR traded hands, down from an average trading volume of 734,303
Zacks Investment Research has downgraded Vivint Solar Inc (NYSE:VSLR) to Hold in a report released on 10/12/2016.
Recent Performance Chart
Vivint Solar Inc has 52 week low of $2.16 and a 52 week high of $12.85 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $4.95 with 1 brokerage rating the stock 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 0 brokerages rating the stock a sell.
Brief Synopsis On 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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