Zacks Investment Research reiterated their hold rating on shares of Vivint Solar (NYSE:VSLR) in a research report released on Saturday morning.
According to Zacks, “Vivint Solar Inc. is a provider of residential solar energy systems in the United States. It designs, installs, and maintains cost-effective solar energy systems. The Company also offers photovoltaic installation software products and devices. Vivint Solar, Inc. is headquartered in Provo, Utah. “
Several other analysts also recently weighed in on VSLR. Guggenheim initiated coverage on Vivint Solar in a research report on Wednesday, September 27th. They issued a buy rating and a $5.00 price objective for the company. BidaskClub downgraded Vivint Solar from a hold rating to a sell rating in a research report on Thursday, September 28th. TheStreet upgraded Vivint Solar from a d rating to a c rating in a report on Monday, October 2nd. Bank of America assumed coverage on Vivint Solar in a report on Monday, November 6th. They set a buy rating for the company. Finally, ValuEngine downgraded Vivint Solar from a sell rating to a strong sell rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Vivint Solar presently has a consensus rating of Hold and an average target price of $5.10.
Shares of Vivint Solar (VSLR) remained flat at $$4.10 during mid-day trading on Friday. 211,864 shares of the company were exchanged, compared to its average volume of 265,893. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05. Vivint Solar has a 12 month low of $2.65 and a 12 month high of $6.09.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The company had revenue of $75.10 million during the quarter, compared to the consensus estimate of $74.56 million. During the same quarter in the previous year, the firm posted ($0.36) EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. equities research analysts forecast that Vivint Solar will post -1.48 EPS for the current fiscal year.
In related news, CEO David Bywater sold 44,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $3.24, for a total transaction of $145,476.00. Following the completion of the transaction, the chief executive officer now owns 575,774 shares in the company, valued at $1,865,507.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Bryan Christiansen sold 60,210 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $3.44, for a total value of $207,122.40. Following the transaction, the chief operating officer now owns 272,252 shares of the company’s stock, valued at approximately $936,546.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,810 shares of company stock valued at $798,623. 4.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in Vivint Solar by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock worth $430,000 after purchasing an additional 200 shares in the last quarter. Rhumbline Advisers raised its holdings in Vivint Solar by 9.8% in the second quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock worth $167,000 after purchasing an additional 2,549 shares in the last quarter. Teachers Advisors LLC raised its holdings in Vivint Solar by 6.8% in the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after purchasing an additional 3,062 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Vivint Solar by 9.0% in the second quarter. Alliancebernstein L.P. now owns 88,700 shares of the company’s stock worth $519,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Vivint Solar by 75.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after purchasing an additional 8,233 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
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About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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