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.

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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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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