Vivint Solar (VSLR) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Vivint Solar (NYSE:VSLR) from a strong sell rating to a sell rating in a report issued on Friday, February 2nd.

Several other research firms also recently commented on VSLR. Zacks Investment Research upgraded shares of Vivint Solar from a hold rating to a buy rating and set a $4.50 price target for the company in a research note on Saturday, January 6th. Guggenheim restated a neutral rating and issued a $5.00 price target on shares of Vivint Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Bank of America assumed coverage on shares of Vivint Solar in a research note on Monday, November 6th. They issued a buy rating for the company. Finally, BidaskClub raised shares of Vivint Solar from a sell rating to a hold rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $5.10.

Vivint Solar (VSLR) opened at $3.00 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. Vivint Solar has a 12 month low of $2.65 and a 12 month high of $6.09.

In related news, COO Bryan Christiansen sold 31,700 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $3.25, for a total value of $103,025.00. Following the completion of the sale, the chief operating officer now directly owns 332,462 shares of the company’s stock, valued at $1,080,501.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alex J. Dunn sold 100,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $3.43, for a total transaction of $343,000.00. Following the completion of the sale, the director now directly owns 395,649 shares of the company’s stock, valued at $1,357,076.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 236,810 shares of company stock valued at $798,623. Corporate insiders own 4.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in VSLR. Quentec Asset Management LLC lifted its position in Vivint Solar by 24.5% in the third quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock valued at $13,480,000 after acquiring an additional 781,333 shares during the last quarter. Vanguard Group Inc. lifted its position in Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after acquiring an additional 329,748 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Vivint Solar by 161.8% in the fourth quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock valued at $1,371,000 after acquiring an additional 209,141 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Vivint Solar in the second quarter valued at $278,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in Vivint Solar by 191.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock valued at $190,000 after acquiring an additional 36,651 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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