Oppenheimer Shows Concern Related To Vivint Solar's Recent Exec Changes

Oppenheimer's Colin Rusch initiated Vivint Solar Inc VSLR at Perform after recent management changes along with a failed takeout by SunEdison SUNEQ.

Rush believed the company's low per watt structure "will prove advantageous as it continues to build scale and expand its product offering through 2018." This positions the company to benefit from a "still underpenetrated North American solar installation market." The cost benefit could push Vivint Solar to capitalize on the solar market growing at ~25 percent annually, according to Rush.

The long-term growth rate however depends on the company's ability to raise capital at attractive rates stated Rush.

Vivint Solar closed at $3.27, down 1.8 percent.