Vivint Solar Inc. (VSLR) Rating Increased to Neutral at Goldman Sachs Group Inc.
Vivint Solar Inc. (NYSE:VSLR) was upgraded by research analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.
VSLR has been the topic of a number of other reports. Credit Suisse Group AG reiterated a “hold” rating on shares of Vivint Solar in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Friday, August 12th. Oppenheimer Holdings Inc. assumed coverage on shares of Vivint Solar in a research report on Monday, June 20th. They issued a “market perform” rating on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $6.00 price objective (down from $7.50) on shares of Vivint Solar in a research report on Tuesday, August 9th. Finally, JMP Securities assumed coverage on shares of Vivint Solar in a research report on Thursday, September 8th. They issued a “market perform” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.34.
Shares of Vivint Solar (NYSE:VSLR) remained flat at $3.18 during midday trading on Thursday. 377,527 shares of the stock traded hands. Vivint Solar has a 12 month low of $2.16 and a 12 month high of $12.85. The company’s market cap is $342.53 million. The firm has a 50-day moving average of $3.14 and a 200-day moving average of $3.01.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.09. Vivint Solar had a negative net margin of 34.83% and a negative return on equity of 36.38%. The firm had revenue of $34.90 million for the quarter, compared to analyst estimates of $24.98 million. During the same period last year, the firm posted $0.13 EPS. Vivint Solar’s quarterly revenue was up 116.6% on a year-over-year basis. On average, equities research analysts predict that Vivint Solar will post ($2.04) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in VSLR. Panagora Asset Management Inc. acquired a new stake in Vivint Solar during the second quarter worth approximately $101,000. Teachers Advisors Inc. increased its stake in Vivint Solar by 14.1% in the second quarter. Teachers Advisors Inc. now owns 36,532 shares of the company’s stock worth $112,000 after buying an additional 4,506 shares during the period. Bank of Montreal Can acquired a new stake in Vivint Solar during the second quarter worth approximately $136,000. California State Teachers Retirement System increased its stake in Vivint Solar by 7.8% in the second quarter. California State Teachers Retirement System now owns 47,662 shares of the company’s stock worth $146,000 after buying an additional 3,442 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new stake in Vivint Solar during the second quarter worth approximately $170,000. 93.23% of the stock is owned by institutional investors.
Vivint Solar Company Profile
Vivint Solar, Inc primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I).
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.