Vivint Solar, Inc. (VSLR) Raised to C at TheStreet
Vivint Solar, Inc. (NYSE:VSLR) was upgraded by equities research analysts at TheStreet from a “d” rating to a “c” rating in a report issued on Monday.
A number of other analysts also recently issued reports on the company. BidaskClub upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Thursday. Guggenheim started coverage on Vivint Solar in a research report on Wednesday, September 27th. They issued a “buy” rating and a $5.00 price target for the company. ValuEngine downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Saturday, August 12th. Finally, Deutsche Bank AG downgraded Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Vivint Solar presently has an average rating of “Hold” and an average price target of $4.71.
Shares of Vivint Solar (NYSE VSLR) traded up 1.39% during midday trading on Monday, reaching $3.65. 218,439 shares of the company’s stock traded hands. Vivint Solar has a one year low of $2.50 and a one year high of $6.09. The firm has a market capitalization of $417.80 million, a PE ratio of 7.67 and a beta of -0.35. The stock’s 50-day moving average price is $4.30 and its 200 day moving average price is $4.01.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.07. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The firm had revenue of $73.00 million during the quarter, compared to analyst estimates of $65.41 million. During the same period last year, the firm posted $0.12 earnings per share. Vivint Solar’s revenue for the quarter was up 109.2% compared to the same quarter last year. On average, equities research analysts expect that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.
WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/05/vivint-solar-inc-vslr-raised-to-c-at-thestreet.html.
In other news, EVP Thomas G. Plagemann sold 6,550 shares of Vivint Solar stock in a transaction on Monday, July 17th. The stock was 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 can be accessed through the SEC website. Also, COO Bryan Christiansen sold 51,914 shares of Vivint Solar stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $5.45, for a total value of $282,931.30. Following the sale, the chief operating officer now owns 349,670 shares of the company’s stock, valued at $1,905,701.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 346,728 shares of company stock valued at $1,828,386. Corporate insiders own 4.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in VSLR. GCA Investment Management LLC purchased a new position in shares of Vivint Solar during the second quarter valued at $4,556,000. Vanguard Group Inc. increased its stake in shares of Vivint Solar by 23.3% during the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Vivint Solar by 235.2% during the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 141,329 shares during the period. Virtu KCG Holdings LLC increased its stake in shares of Vivint Solar by 456.9% during the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after buying an additional 132,751 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Vivint Solar by 108.3% during the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 53,000 shares during the period. Hedge funds and other institutional investors own 95.50% of the company’s stock.
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.
Receive News & Ratings for Vivint Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.