Vivint Solar Inc. (NYSE: VSLR) is a Utah based company that specializes in residential solar installation. The company provides a turnkey service that includes everything from permits and other paperwork, to installation and a monitoring/warranty service. Companies like Vivint can increase the appeal of home solar energy by making the process simpler for homeowners. There’s confidence for the business model and investors have taken note. This stock has seen impressive growth in 2019.
After what was a difficult 2018, solar stocks are now, on average, outperforming the rest of the stock market. Sales are beginning to pick up again as more people see the benefits of solar energy. The residential market is robust and is expected to grow in the coming years.
Despite some slowing in the global solar market, Vivint has kept revenues growing for five consecutive years. The company now generates more than $290 million in sales yearly, and revenue grew 8.32% in the 2018 fiscal year. Income growth has also been strong with an 11.79% increase in 2018, thanks to sound fiscal management and lowering of cost of goods sold, per unit.
Investors can get in early on this bargain stock with a reasonable share price today. Vivint has the potential to grow and become a solar leader in the American residential market.
- 1 Year Price Growth: 75%
- YTD Price Growth: 07%
- 3 Month Price Growth: 03%
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.