Vivint Solar, Inc. (NYSE:VSLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

VSLR has been the subject of a number of other reports. BidaskClub cut shares of Vivint Solar from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. TheStreet upgraded shares of Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. Bank of America Corporation started coverage on shares of Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating for the company. Deutsche Bank AG cut shares of Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research note on Wednesday, August 9th. Finally, Guggenheim started coverage on shares of Vivint Solar in a research note on Wednesday, September 27th. They issued a “buy” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.05.

Vivint Solar (NYSE VSLR) traded down $0.10 during mid-day trading on Tuesday, reaching $3.70. 51,807 shares of the company’s stock were exchanged, compared to its average volume of 452,777. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05. Vivint Solar has a one year low of $2.55 and a one year high of $6.09.

Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The firm had revenue of $75.10 million for the quarter, compared to the consensus estimate of $74.56 million. During the same quarter last year, the company earned ($0.36) earnings per share. The firm’s revenue was up 81.8% on a year-over-year basis. equities analysts anticipate that Vivint Solar will post -1.48 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in VSLR. Dynamic Technology Lab Private Ltd lifted its stake in Vivint Solar by 75.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after purchasing an additional 8,233 shares during the period. Rhumbline Advisers lifted its stake in Vivint Solar by 9.8% during the second quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock worth $167,000 after purchasing an additional 2,549 shares during the period. JPMorgan Chase & Co. bought a new position in Vivint Solar during the second quarter worth about $278,000. Teachers Advisors LLC lifted its stake in Vivint Solar by 6.8% during the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after purchasing an additional 3,062 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Vivint Solar by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 152,176 shares of the company’s stock worth $426,000 after purchasing an additional 914 shares during the period. Hedge funds and other institutional investors own 91.64% 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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Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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