Vivint Solar (NYSE:VSLR)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a note issued to investors 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. “
Several other research firms also recently issued reports on VSLR. Bank of America assumed coverage on Vivint Solar in a report on Monday, November 6th. They set a “buy” rating on the stock. TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. BidaskClub upgraded Vivint Solar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Guggenheim assumed coverage on Vivint Solar in a report on Wednesday, September 27th. They issued a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.10.
Shares of Vivint Solar (NYSE:VSLR) opened at $3.20 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.18. The stock has a market capitalization of $366.29, a PE ratio of 8.65 and a beta of -0.50. Vivint Solar has a twelve month low of $2.65 and a twelve month high of $6.09.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The company had revenue of $75.10 million for the quarter, compared to analyst estimates of $74.56 million. Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. Vivint Solar’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) EPS. equities analysts expect that Vivint Solar will post -1.48 earnings per share for the current year.
In related news, Director Alex J. Dunn sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $3.43, for a total value of $343,000.00. Following the completion of the sale, the director now owns 395,649 shares of the company’s stock, valued at approximately $1,357,076.07. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Bywater sold 44,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were 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 of the company’s stock, valued at approximately $1,865,507.76. The disclosure for this sale can be found here. Insiders sold a total of 236,810 shares of company stock worth $798,623 in the last quarter. 4.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd grew its stake in shares of Vivint Solar by 75.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock valued at $112,000 after buying an additional 8,233 shares in the last quarter. Allegis Investment Advisors LLC bought a new stake in shares of Vivint Solar in the 4th quarter valued at approximately $105,000. Rhumbline Advisers grew its stake in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after buying an additional 2,549 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Vivint Solar in the 2nd quarter valued at approximately $278,000. Finally, Teachers Advisors LLC grew its stake in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock valued at $280,000 after buying an additional 3,062 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
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Vivint Solar Company Profile
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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