Vivint Solar (VSLR) Receives Hold Rating from Zacks Investment Research
Vivint Solar (NYSE:VSLR)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a research report issued on Saturday.
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. “
Several other research analysts have also recently commented on the stock. ValuEngine cut shares of Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. 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 began coverage on shares of Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Guggenheim began coverage on shares of Vivint Solar in a research note on Wednesday, September 27th. They issued a “buy” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.10.
Shares of Vivint Solar (NYSE VSLR) remained flat at $$4.10 on Friday. The company’s stock had a trading volume of 211,864 shares, compared to its average volume of 265,893. Vivint Solar has a fifty-two week low of $2.65 and a fifty-two week high of $6.09. The firm has a market cap of $470.53, a price-to-earnings ratio of 10.51 and a beta of -0.31. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.30.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The business had revenue of $75.10 million for the quarter, compared to analyst estimates of $74.56 million. During the same quarter in the previous year, the company posted ($0.36) EPS. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. equities research analysts forecast that Vivint Solar will post -1.48 EPS for the current fiscal year.
In other Vivint Solar news, Director Alex J. Dunn sold 100,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $3.43, for a total value of $343,000.00. Following the completion of the sale, the director now owns 395,649 shares in the company, valued at $1,357,076.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Bryan Christiansen sold 60,210 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $3.44, for a total transaction of $207,122.40. Following the completion of the transaction, the chief operating officer now directly owns 272,252 shares in the company, valued at $936,546.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 236,810 shares of company stock valued at $798,623. Corporate insiders own 4.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VSLR. Quentec Asset Management LLC raised its position in shares of Vivint Solar by 24.5% in the third quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock valued at $13,480,000 after purchasing an additional 781,333 shares during the period. Vanguard Group Inc. raised its position in shares of Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock valued at $10,200,000 after purchasing an additional 329,748 shares during the period. Virtu KCG Holdings LLC raised its position in shares of Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock valued at $947,000 after purchasing an additional 132,751 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Vivint Solar in the second quarter valued at about $278,000. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Vivint Solar by 191.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock valued at $190,000 after purchasing an additional 36,651 shares during the period. 92.47% of the stock is currently owned by institutional investors.
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.
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