HomeSmart home technologies have strong parallels to the clean energy industry. As residential electricity, particularly solar systems, become more affordable, more homeowners are upgrading with automation for lighting, security, appliances, and consumer tech devices. Vivint Smart Home Inc. (NYSE: VVNT) is a relatively affordable automation stock that is worth a closer look.

Vivint develops home security and automation systems, including smart thermostat controls, indoor cameras, and home smart lighting. Its products can be controlled remotely through the cloud using web-based and smartphone applications.

The increased demand for home automation and energy-efficient smart devices has led to top-line growth at Vivint. The company reported revenue of $319.0 million in the quarter ending September 30, an increase of 9.7% year over year. It added 126,847 new subscribers to its smart home platform in the third quarter, an increase of 13.8% year over year.

This pick is twice the typical bargain price, but there’s room for growth as more homeowners join the smart home revolution. The stock is affordable today and with a target price of $22.50, there’s a likely short-term upside available.

Key Data:

  • 1 Year Price Growth: 76%
  • YTD Price Growth: 68%
  • 3 Month Price Growth: 10%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.