Monday, August 17, 2020

Harness the sun's energy and investment returns in this leading solar stock

Consistent research and development efforts to improve solar cell efficiency have yielded positive results for stock investors year over year. The increasing focus in the U.S. on green energy will see more and more power being produced from solar cells.

A new survey reveals American adults are eager to harness the sun's energy, with 70 percent saying they would support a nationwide mandate requiring solar panels to be installed on all newly built homes. The survey, conducted by CITE Research on behalf of Vivint Solar (NYSE: VSLR), also revealed significant others and environmental experts are the most influential when deciding to install residential solar for the good of the environment, while politicians are the least influential by far.

In 2013, the leading stock in the solar sector was Canadian Solar Inc. (CSIQ). Canadian Solar has provided good investment returns with the stock up over 90% since 2013. The whole solar sector is predicted to continue providing nice returns for the long-term investors, but we have a new leader.

Vivint Solar Inc.

Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings over time. Vivint Solar designs and installs solar energy systems for its customers and offers monitoring and maintenance services. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar's affordable, flexible financing options, including power purchase agreements, or lease agreements, where available. Vivint Solar also offers solar plus storage systems with LG home batteries.

Vivint Solar has installed solar energy systems on more than 160,000 U.S. Homes. With nearly a million new single-family homes built annually, if all of them took advantage of solar energy, it would be equivalent to driving 12 billion fewer miles a year or consuming 12 million fewer barrels of oil, according to David Bywater, CEO of Vivint Solar.

VSLR shares are up 214.84% over the past 52-weeks. This year alone the stock is up 244.78%, closing Monday at $26.10, up 4.48% for the day. VSLR has a 52-week low of $3.17 and a high of $27.00.

Disclaimer: This post is provided for information purposes only and should not be used as the basis for any investment decision. I am neither licensed nor qualified to provide investment advice. Keith Stein has no position in any stocks mentioned in this post. DCNewsroom has no position in any of the stocks mentioned in this post.

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