Vivint Solar (NYSE:VSLR): The stock price is expected to reach $ 4.75 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $8 while the lower estimate is at $2. The standard deviation of the price stands at $3.89.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank upgrades the rating on Vivint Solar (NYSE:VSLR). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target from $3.5 per share to $7.5 per share. The rating by the firm was issued on May 27, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities,The officer of Vivint Solar, Inc., Lindquist Shawn J. sold 55,148 shares at $13.93 on June 2, 2015. The Insider selling transaction had a total value worth of $768,212. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Vivint Solar (NYSE:VSLR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.24 points or 7.52% at $2.95 with 1,311,268 shares getting traded. Post opening the session at $3.16, the shares hit an intraday low of $2.92 and an intraday high of $3.2 and the price was in this range throughout the day. The company has a market cap of $316 million and the number of outstanding shares have been calculated to be 107,180,606 shares. The 52-week high of Vivint Solar (NYSE:VSLR) is $16 and the 52-week low is $2.16.
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.