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. “
A number of other analysts have also weighed in on VSLR. Oppenheimer Holdings Inc. initiated coverage on shares of Vivint Solar in a research note on Monday, June 20th. They set a market perform rating for the company. Deutsche Bank AG restated a buy rating and set a $6.00 price objective (down from $7.50) on shares of Vivint Solar in a research note on Tuesday, August 9th. Credit Suisse Group AG set a $4.00 price objective on shares of Vivint Solar and gave the company a hold rating in a research note on Monday, August 8th. JMP Securities initiated coverage on shares of Vivint Solar in a research note on Thursday, September 8th. They set a market perform rating and a $9.00 price objective for the company. Finally, Goldman Sachs Group Inc. upgraded shares of Vivint Solar from a sell rating to a neutral rating and raised their price objective for the company from $2.50 to $3.50 in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $5.41.
Shares of Vivint Solar (NYSE:VSLR) opened at 3.15 on Wednesday. Vivint Solar has a 52-week low of $2.16 and a 52-week high of $12.43. The company’s market cap is $339.30 million. The stock has a 50 day moving average of $3.12 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 for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.09. The business earned $34.90 million during the quarter, compared to analyst estimates of $24.98 million. Vivint Solar had a negative net margin of 34.83% and a negative return on equity of 36.38%. Vivint Solar’s revenue was up 116.6% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities research analysts expect that Vivint Solar will post ($2.04) EPS for the current year.
Several institutional investors have recently bought and sold shares of VSLR. FMR LLC acquired a new position in Vivint Solar during the second quarter worth about $19,309,000. Quentec Asset Management LLC acquired a new position in Vivint Solar during the second quarter worth about $6,387,000. Guggenheim Capital LLC increased its position in Vivint Solar by 10.4% in the second quarter. Guggenheim Capital LLC now owns 2,012,231 shares of the company’s stock worth $6,177,000 after buying an additional 190,252 shares during the last quarter. Vanguard Group Inc. increased its position in Vivint Solar by 6.0% in the second quarter. Vanguard Group Inc. now owns 1,551,347 shares of the company’s stock worth $4,763,000 after buying an additional 87,825 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Vivint Solar by 30.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 655,286 shares of the company’s stock worth $2,012,000 after buying an additional 152,394 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.
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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