Vivint Solar (NYSE:VSLR)‘s stock had its “hold” rating restated by Zacks Investment Research in a research note issued on Saturday, January 13th.
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. “
Other equities analysts have also recently issued research reports about the company. Bank of America began coverage on Vivint Solar in a research note on Monday, November 6th. They set a “buy” rating on the stock. Guggenheim initiated coverage on Vivint Solar in a research report on Wednesday, September 27th. They set a “buy” rating and a $5.00 target price for the company. ValuEngine lowered Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. BidaskClub lowered Vivint Solar from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Vivint Solar presently has a consensus rating of “Hold” and an average target price of $5.10.
Vivint Solar (NYSE VSLR) traded down $0.05 during trading on Friday, reaching $3.70. 292,692 shares of the company’s stock were exchanged, compared to its average volume of 220,647. Vivint Solar has a 1 year low of $2.65 and a 1 year high of $6.09. The firm has a market capitalization of $424.62, a P/E ratio of 9.49 and a beta of -0.31. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.04). Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The company had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. During the same period in the previous year, the company earned ($0.36) EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. research analysts predict that Vivint Solar will post -1.48 EPS for the current year.
In related news, CEO David Bywater sold 44,900 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $3.24, for a total value of $145,476.00. Following the completion of the sale, the chief executive officer now directly owns 575,774 shares in the company, valued at approximately $1,865,507.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bryan Christiansen sold 60,210 shares of Vivint Solar stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 272,252 shares of the company’s stock, valued at $936,546.88. The disclosure for this sale can be found here. Insiders sold 236,810 shares of company stock worth $798,623 in the last three months. Insiders own 4.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Vivint Solar by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock worth $430,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers raised its stake in shares of 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 during the last quarter. Teachers Advisors LLC raised its stake in shares of 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 during the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of 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 during the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.
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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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