Why Shares of Vivint Solar, Inc. Dropped 5% in November
Shares of residential solar installer Vivint Solar, Inc. (NYSE: VSLR) fell 5.3% in November, according to data provided by S&P Global Market Intelligence, after reporting third-quarter earnings. It also doesn't help that potential tariffs and tax changes are hanging over the solar industry.
Installations were 47 MW and Vivint Solar booked 53 MW in the quarter. Costs rose to $2.94 per watt from $2.88 a year ago and management said costs in the fourth quarter would be $2.90 to $3.00 per watt.
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Source: Fool.com
