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.
