UPDATE: Citi Upgrades Vivint Solar (VSLR) to Buy

(updated to add analyst comment)

Citi analyst Praful Mehta upgraded Vivint Solar (NYSE: VSLR) from Neutral to Buy with a price target of $8.50 (from $4.25).

• Likes the growth opportunities, improved execution and lower investor return thresholds.
• "Management focus on ‘economic growth’ and use of direct/dealer channels improve our confidence on story. Finally, we believe that ‘monetizable value’, or value at which DG assets can be sold, has improved as investors (both private and public) are getting more comfortable in these asset cash flows and are willing to accept lower returns."

For an analyst ratings summary and ratings history on Vivint Solar click here. For more ratings news on Vivint Solar click here.

Shares of Vivint Solar closed at $6.18 yesterday.

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