VivintVivint Solar Inc. (NYSE: VSLR) is a Utah-based solar energy company focused on the residential market. It designs and installs solar systems, and provides ongoing maintenance contracts for homeowners. It’s one of the largest fully integrated solar companies in the U.S., operating in 23 states. It had installed almost 190,000 solar systems as of the end of Q1 this year.

Even with America’s low energy prices, solar has remained a viable long-term investment for homeowners. Vivint has increased its revenue for five consecutive years. At the end of the 2019 fiscal year, revenue was up 17.47%, while gross income was up 50.50% for a gross profit margin of 18.32%.

Homeowners can offset the cost of solar investment by enjoying lower energy bills in the long-term. The demand for home installations has been increasing steadily. As an established industry name, Vivint can capitalize on this growth. The World Economic Forum predicts that solar energy will be responsible for 50% of home and community generation by 2030. The opportunity for a company like Vivint is huge.

Even when looking at the near-term, there’s an expected target price of $12.75 on this stock. Whether investing for solar’s future or potential stock price growth over the next year, this is one of the best bargain alternative picks on the market.

Key Data:

  • 1 Year Price Growth: 47%
  • YTD Price Growth: 64%
  • 3 Month Price Growth: 00%

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