NEW YORK (TheStreet) -- Vivint Solar (VSLR) - Get Vivint Solar Inc Report stock closed up by 26.18% to $3.09 on heavy trading volume Wednesday, after the solar energy company announced a conference call for investors and analysts on Thursday.
The 5 p.m. conference call will provide investors with 2016 guidance and "an overview of current plans and priorities," the company said in a statement on Tuesday.
"Management is coming in to fill the information vacuum," Michael Morosi, an analyst at AvondalePartners, told Bloomberg.
Last month, Vivint Solar sued SunEdison (SUNE) for "willful breach" of its merger agreement with the company.
As of the market close on Wednesday, 5.96 million shares of Vivint Solar have traded, well above the company's 30-day average of 1.45 million shares.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, weak operating cash flow and feeble growth in its earnings per share.
You can view the full analysis from the report here: VSLR