Vivint Solar (NYSE:VSLR) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other equities analysts also recently issued reports on VSLR. Deutsche Bank 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 report on Wednesday, August 9th. BidaskClub downgraded shares of Vivint Solar from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. 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 report on Saturday, August 12th. Guggenheim assumed coverage on shares of Vivint Solar in a report on Wednesday, September 27th. They set a “buy” rating and a $5.00 price target for the company. Finally, TheStreet raised shares of Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.05.

Vivint Solar (NYSE VSLR) traded down $0.20 during mid-day trading on Friday, reaching $3.35. 359,609 shares of the company’s stock traded hands, compared to its average volume of 443,500. 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 12-month low of $2.55 and a 12-month high of $6.09.

Vivint Solar (NYSE:VSLR) last released its earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the 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 business had revenue of $75.10 million for the quarter, compared to the consensus estimate of $74.56 million. During the same quarter in the previous year, the firm earned ($0.36) EPS. The firm’s revenue for the quarter was up 81.8% on a year-over-year basis. equities research analysts predict that Vivint Solar will post -1.48 earnings per share for the current fiscal year.

In other news, Director Alex J. Dunn sold 100,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $3.43, for a total transaction of $343,000.00. Following the completion of the transaction, the director now owns 395,649 shares of the company’s stock, valued at $1,357,076.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its holdings in Vivint Solar by 75.3% in 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 holdings in Vivint Solar by 9.8% in 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. IPG Investment Advisors LLC acquired a new stake in Vivint Solar in the first quarter worth about $112,000. OMERS ADMINISTRATION Corp acquired a new stake in Vivint Solar in the first quarter worth about $118,000. Finally, Bank of Montreal Can acquired a new stake in Vivint Solar in the second quarter worth about $136,000. 92.60% of the stock is owned by institutional investors.

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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.

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

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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