Fly News Breaks for August 9, 2019
Aug 9, 2019 | 06:44 EDT
BofA/Merrill analyst Julien Dumoulin-Smith raised his price target on Vivint Solar to $14 and kept his Buy rating after its Q2 results, saying the 56MW in deployments was above the guidance range and highlights "over a year" of "consistent" growth execution. The analyst also cites the management's confidence in the back half of the year as it raised the FY19 growth outlook to 15% and noted the "supportive tailwinds" to expand further in FY20 through a ramp in new partnerships with retailers and CA homebuiders as well as the Investment Tax Credit "safe-harbor".
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