Vivint Solar, Inc. (VSLR) Research Coverage Started at Bank of America Corporation
Bank of America Corporation started coverage on shares of Vivint Solar, Inc. (NYSE:VSLR) in a research report released on Monday, The Fly reports. The brokerage issued a buy rating on the stock.
Several other analysts have also recently weighed in on VSLR. Deutsche Bank AG cut shares of Vivint Solar from a buy rating to a hold rating and set a $6.00 price objective on the stock. in a research note on Wednesday, August 9th. BidaskClub cut shares of Vivint Solar from a strong-buy rating to a buy rating in a research note 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 objective on the stock in a research note on Saturday, August 12th. ValuEngine cut shares of Vivint Solar from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, Guggenheim began coverage on shares of Vivint Solar in a research report on Wednesday, September 27th. They set a buy rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $4.71.
Shares of Vivint Solar (NYSE VSLR) opened at $3.75 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.20 and a current ratio of 1.32. Vivint Solar has a one year low of $2.50 and a one year high of $6.09.
Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data 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 negative return on equity of 26.12% and a net margin of 18.65%. The business had revenue of $75.10 million during the quarter, compared to the consensus estimate of $74.56 million. During the same period in the prior year, the firm earned ($0.36) EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. sell-side analysts expect that Vivint Solar will post -1.55 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of VSLR. GCA Investment Management LLC bought a new stake in Vivint Solar during the second quarter valued at $4,556,000. Vanguard Group Inc. boosted its position in Vivint Solar by 23.3% during the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after acquiring an additional 329,748 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Vivint Solar by 235.2% during the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the company’s stock valued at $564,000 after acquiring an additional 141,329 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in Vivint Solar by 456.9% during the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock valued at $947,000 after acquiring an additional 132,751 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Vivint Solar during the second quarter valued at $278,000. 95.12% of the stock is currently owned by institutional investors and hedge funds.
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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