ValuEngine upgraded shares of Vivint Solar (NYSE:VSLR) from a strong sell rating to a sell rating in a research note published on Friday, February 2nd.
Other analysts have also issued reports about the stock. Guggenheim reiterated a neutral rating and set a $5.00 target price on shares of Vivint Solar in a research report on Thursday, January 18th. They noted that the move was a valuation call. BidaskClub upgraded shares of Vivint Solar from a sell rating to a hold rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Vivint Solar from a hold rating to a buy rating and set a $4.25 target price on the stock in a research report on Saturday, November 11th. Finally, Bank of America began coverage on shares of Vivint Solar in a research note on Monday, November 6th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Vivint Solar has a consensus rating of Hold and a consensus target price of $5.10.
Vivint Solar (NYSE VSLR) opened at $3.15 on Friday. Vivint Solar has a twelve month low of $2.65 and a twelve month high of $6.09. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. The company has a market cap of $361.50, a price-to-earnings ratio of 8.08 and a beta of -0.50.
In other Vivint Solar news, CEO David Bywater sold 44,900 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $3.24, for a total value of $145,476.00. Following the completion of the sale, the chief executive officer now owns 575,774 shares in the company, valued at $1,865,507.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Bryan Christiansen sold 31,700 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $3.25, for a total transaction of $103,025.00. Following the completion of the sale, the chief operating officer now owns 332,462 shares of the company’s stock, valued at approximately $1,080,501.50. The disclosure for this sale can be found here. Insiders have sold 136,810 shares of company stock valued at $455,623 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of VSLR. Rhumbline Advisers raised its position in shares of Vivint Solar by 9.8% in the second quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after purchasing an additional 2,549 shares during the period. JPMorgan Chase & Co. bought a new position in Vivint Solar during the second quarter worth about $278,000. Alliancebernstein L.P. increased its position in Vivint Solar by 9.0% during the second quarter. Alliancebernstein L.P. now owns 88,700 shares of the company’s stock worth $519,000 after acquiring an additional 7,300 shares during the period. Teachers Advisors LLC increased its position in Vivint Solar by 6.8% during the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after acquiring an additional 3,062 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Vivint Solar by 18.6% during the second quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after acquiring an additional 11,746 shares during the period. 92.50% of the stock is currently owned by institutional investors.
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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