Shares of Vivint Solar Inc. (NYSE:VSLR) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.89.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group AG set a $4.00 price objective on shares of Vivint Solar and gave the stock a “hold” rating in a research report on Monday, August 8th. Oppenheimer Holdings Inc. upgraded shares of Vivint Solar from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a research report on Tuesday, August 9th. Deutsche Bank AG reiterated a “buy” rating and set a $6.00 price target (down from $7.50) on shares of Vivint Solar in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Friday, August 12th. Finally, JMP Securities initiated coverage on shares of Vivint Solar in a research report on Thursday, September 8th. They set a “market perform” rating and a $9.00 price target for the company.
Several hedge funds and other institutional investors have recently bought and sold shares of VSLR. Panagora Asset Management Inc. acquired a new position in Vivint Solar during the second quarter valued at approximately $101,000. Teachers Advisors Inc. increased its position in shares of Vivint Solar by 14.1% in the second quarter. Teachers Advisors Inc. now owns 36,532 shares of the company’s stock worth $112,000 after buying an additional 4,506 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Vivint Solar during the second quarter worth about $136,000. California State Teachers Retirement System increased its position in shares of Vivint Solar by 7.8% in the second quarter. California State Teachers Retirement System now owns 47,662 shares of the company’s stock worth $146,000 after buying an additional 3,442 shares in the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Vivint Solar during the second quarter worth about $170,000. 93.23% of the stock is owned by institutional investors and hedge funds.
Shares of Vivint Solar (NYSE:VSLR) traded up 0.32% during midday trading on Thursday, hitting $3.16. 419,869 shares of the stock traded hands. Vivint Solar has a 52-week low of $2.16 and a 52-week high of $13.05. The company’s market cap is $340.37 million. The stock has a 50-day moving average of $3.16 and a 200-day moving average of $3.03.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.09. Vivint Solar had a negative net margin of 34.83% and a negative return on equity of 36.38%. The firm earned $34.90 million during the quarter, compared to analysts’ expectations of $24.98 million. During the same period last year, the business earned $0.13 earnings per share. Vivint Solar’s revenue was up 116.6% compared to the same quarter last year. On average, equities analysts predict that Vivint Solar will post ($2.04) earnings per share for the current fiscal year.
About Vivint Solar
Vivint Solar, Inc primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I).
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