Vivint Solar, Inc. (VSLR) Rating Lowered to Hold at BidaskClub
Vivint Solar, Inc. (NYSE:VSLR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Several other equities analysts also recently issued reports on VSLR. Goldman Sachs Group, Inc. (The) raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.50 to $6.00 in a research note on Tuesday, June 20th. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG downgraded shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.65.
Vivint Solar (NYSE:VSLR) traded down 3.804% during mid-day trading on Thursday, reaching $4.425. 221,877 shares of the company’s stock were exchanged. The firm has a market cap of $506.51 million, a price-to-earnings ratio of 9.296 and a beta of -0.23. Vivint Solar has a 12 month low of $2.50 and a 12 month high of $6.10. The stock has a 50-day moving average of $4.90 and a 200-day moving average of $3.94.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The firm had revenue of $73.00 million during the quarter, compared to the consensus estimate of $65.41 million. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The company’s revenue for the quarter was up 109.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. Analysts anticipate that Vivint Solar will post ($1.48) earnings per share for the current year.
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In other news, EVP Thomas G. Plagemann sold 6,550 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $5.45, for a total transaction of $35,697.50. Following the completion of the sale, the executive vice president now directly owns 199,326 shares in the company, valued at $1,086,326.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Paul S. Dickson sold 130,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.25, for a total transaction of $682,500.00. Following the sale, the executive now owns 307,015 shares of the company’s stock, valued at $1,611,828.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 391,761 shares of company stock valued at $2,062,928. 4.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock worth $10,200,000 after purchasing an additional 329,748 shares during the period. GCA Investment Management LLC acquired a new stake in Vivint Solar in the second quarter worth $4,556,000. State Street Corp grew its holdings in Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the semiconductor company’s stock worth $2,127,000 after purchasing an additional 20,027 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after purchasing an additional 141,329 shares during the period. Finally, Virtu KCG Holdings LLC grew its holdings in Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock worth $947,000 after purchasing an additional 132,751 shares during the period. Institutional investors own 95.15% of the company’s stock.
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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