Vivint Solar Inc. (NYSE: VSLR) is a solar energy company that designs and installs electrical systems for the residential market. With almost 3000 employees, it has emerged as one of the most important companies in alternative energy.
Vivint’s revenue is expected to grow at a rate of 10.92% over 2020, despite economic slowdown related to Coronavirus. As an energy service provider, this company is not likely to suffer from the same pullback that will be seen in consumer segments covering luxury goods and other non-essentials.
Vivint has generated strong revenue growth for five consecutive years. In 2019, revenue was up 17.47%, while gross income was up 50.98%. Solar is on an upwards trajectory, regardless of what the stock prices say. Analysts agree that clean forms of alternative energy will dominate the market within the next 50 years. The fundamental strengths of the industry remain, despite recent slides in the stock market.
Highly discounted compared to its recent peak, Vivint Solar is a strong pick for an alternative portfolio. As a long term holding, it has massive growth potential. Closer on the horizon, analysts predict an average target price of $13.00 after the current market slump. The upside for investors who buy now could be significant.
- 1 Year Price Growth: -16.80%
- YTD Price Growth: -40.63%
- 3 Month Price Growth: -44.32%
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.