Vivint Solar (NYSE:VSLR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.67 by 3 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, upgrades their rating on the shares of Vivint Solar (NYSE:VSLR). Deutsche Bank has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $7.5 per share from a prior target of $3.5. The rating by the firm was issued on May 27, 2016.
Vivint Solar (NYSE:VSLR) shares are expected to touch $4.75 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 3.89. The target price could hit $8 on the higher end and $2 on the lower end.
Vivint Solar (NYSE:VSLR) witnessed a decline in the market cap on Tuesday as its shares dropped 1.8% or 0.06 points. After the session commenced at $3.28, the stock reached the higher end at $3.3299 while it hit a low of $3.19. With the volume soaring to 810,193 shares, the last trade was called at $3.27. The company has a 52-week high of $16. The company has a market cap of $350 million and there are 107,180,606 shares in outstanding. The 52-week low of the share price is $2.16.
Shares of Vivint Solar, Inc. rose by 13.15% in the last five trading days and 29.76% for the last 4 weeks. Vivint Solar, Inc. has dropped 1.51% during the last 3-month period . Year-to-Date the stock performance stands at -65.79%.
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.