ValuEngine Lowers Vivint Solar (VSLR) to Strong Sell

ValuEngine lowered shares of Vivint Solar (NYSE:VSLR) from a sell rating to a strong sell rating in a research note released on Monday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research reaffirmed a hold rating on shares of Vivint Solar in a research report on Saturday, January 13th. Bank of America set a $6.00 price objective on Vivint Solar and gave the company a buy rating in a report on Thursday, March 8th. Finally, Guggenheim reiterated a neutral rating and issued a $5.00 price objective on shares of Vivint Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $5.25.

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VSLR stock opened at $4.00 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $418.88, a price-to-earnings ratio of -2.53 and a beta of -0.51. Vivint Solar has a 1 year low of $2.65 and a 1 year high of $6.09.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). The company had revenue of $66.78 million during the quarter, compared to analyst estimates of $66.87 million. Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. Vivint Solar’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.41) EPS. equities analysts forecast that Vivint Solar will post -0.99 EPS for the current fiscal year.

In other news, Director Alex J. Dunn sold 200,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $3.17, for a total value of $634,000.00. Following the transaction, the director now owns 268,749 shares in the company, valued at approximately $851,934.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Bywater sold 17,639 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $3.25, for a total value of $57,326.75. Following the completion of the transaction, the chief executive officer now owns 801,516 shares in the company, valued at approximately $2,604,927. The disclosure for this sale can be found here. In the last quarter, insiders sold 512,054 shares of company stock worth $1,646,382. Company insiders own 4.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Allegis Investment Advisors LLC purchased a new position in Vivint Solar during the 4th quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd grew its stake in Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Vivint Solar by 28.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after buying an additional 21,712 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Vivint Solar by 161.8% during the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock worth $1,371,000 after buying an additional 209,141 shares during the last quarter. Finally, State Street Corp grew its stake in Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

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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.

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

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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