VivintVivint Solar Inc. (NYSE: VSLR) is a solar energy company that develops, installs and maintains photovoltaic systems in the residential sector.

Some high-profile developments have emerged around this stock in recent weeks. Earlier this month, it was announced that the company had secured a new $325 million credit facility that will lower the cost of the company’s debt by 87.5 basis points. The new facility has the backing of major lenders, including Credit Suisse, KeyBank, Citibank, and Bank of America Merrill Lynch.

The company released its latest earnings data on August 8, reporting revenue of $90.75 million, compared to $80.79 million in the year ago period. Net loss was $28.567 million, but this won’t surprise investors, considering that the company is focusing on expansion, technology, and the scalability of its business. Long term revenue growth is the aim. The recent credit deal will help to reduce losses.

Vivint Solar seven top analysts recorded by FactSet recommend a BUY rating, and they’ve pinned an average target price of $11.57 to the stock. This indicates a significant upside in the short term.

Alternative investors who don’t own Vivint stock should consider this one of the best bargain opportunities in the energy market today.

Key Data:

  • 1 Year Price Growth: 68%
  • YTD Price Growth: 03%
  • 3 Month Price Growth: 81%

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