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Why did Vivint Solar (VSLR) Close Up 26% on the Day?

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The Provo, Utah-based solar energy company Vivint Solar (VSLR) closed up by 25.71% to $3.08 on heavy trading volume Wednesday, after the solar energy company announced a conference call for investors and analysts on Thursday.

The conference call will be held yesterday at 5 p.m., and will provide investors with a "review of 2015, an overview of current plans and priorities, and an update on the company's operations," as well as guidance for 2016 the company said in a statement on Tuesday.

Vivint Solar Inc. (VSLR) Stock Price | FindTheCompany

As of the market close on Wednesday, 5.96 million shares of Vivint Solar were traded, well above the company's 30-day average of 1.45 million shares, according to an article via The Street.

Last month, Vivint Solar Inc. terminated a deal related to its acquisition by the embattled SunEdison Inc. ( SUNE) as the latter failed to meet certain obligations.

Vivint Solar has a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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