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Fly News Breaks for May 7, 2019
VSLR
May 7, 2019 | 07:10 EDT
Citi analyst Praful Mehta upgraded Vivint Solar to Buy from Neutral and doubled his price target for the shares to $8.50 from $4.25. Customer demand for solar distributed generation continues to be high and larger players like Vivint will be well positioned to capture this growth, Mehta tells investors in a research note. The analyst cites the company's growth opportunities, improved execution and lower investor return thresholds for his upgrade to Buy.
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