Zacks Investment Research upgraded shares of Vivint Solar, Inc. (NYSE:VSLR) from a hold rating to a buy rating in a research note published on Saturday morning. They currently have $4.25 price target on the stock.
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 analysts have also weighed in on VSLR. BidaskClub lowered shares of Vivint Solar from a hold rating to a sell rating in a research report on Thursday, September 28th. Deutsche Bank AG lowered shares of Vivint Solar from a buy rating to a hold rating and set a $6.00 target price on the stock. in a research report on Wednesday, August 9th. 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 target price on the stock. ValuEngine lowered shares of Vivint Solar from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, Bank of America Corporation began coverage on shares of Vivint Solar in a research report on Monday, November 6th. They set a buy rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Vivint Solar has an average rating of Hold and an average target price of $5.05.
Shares of Vivint Solar (NYSE:VSLR) opened at $3.80 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30. Vivint Solar has a 12-month low of $2.55 and a 12-month high of $6.09.
Vivint Solar (NYSE:VSLR) last issued 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 analyst estimates of $74.56 million. During the same quarter last year, the firm posted ($0.36) earnings per share. Vivint Solar’s revenue was up 81.8% on a year-over-year basis. analysts forecast that Vivint Solar will post -1.48 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in VSLR. GCA Investment Management LLC acquired a new position in Vivint Solar in the second quarter valued at about $4,556,000. Vanguard Group Inc. boosted its position in 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 buying an additional 329,748 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the company’s stock valued at $564,000 after buying an additional 141,329 shares in the last quarter. Virtu KCG Holdings LLC boosted its position in 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 buying an additional 132,751 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Vivint Solar in the second quarter valued at about $278,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.
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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