Vivint Solar, Inc. (VSLR) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Vivint Solar, Inc. (NYSE:VSLR) from a hold rating to a buy rating in a research report sent to investors 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 equities research analysts also recently issued reports on VSLR. Deutsche Bank AG downgraded Vivint Solar from a buy rating to a hold rating and set a $6.00 price objective on the stock. in a report on Wednesday, August 9th. BidaskClub downgraded Vivint Solar from a strong-buy rating to a buy rating in a report on Friday, August 11th. ValuEngine cut Vivint Solar from a hold rating to a sell rating in a research note on Friday, September 1st. Guggenheim began coverage on Vivint Solar in a research note on Wednesday, September 27th. They set a buy rating and a $5.00 target price for the company. Finally, TheStreet raised Vivint Solar from a d rating to a c rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $5.05.

Shares of Vivint Solar (NYSE:VSLR) opened at $3.75 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.18. Vivint Solar has a 1-year low of $2.55 and a 1-year high of $6.09.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $75.10 million during the quarter, compared to analysts’ expectations of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. Vivint Solar’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.36) EPS. sell-side analysts anticipate that Vivint Solar will post -1.48 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://sportsperspectives.com/2017/11/15/vivint-solar-inc-vslr-upgraded-to-buy-at-zacks-investment-research.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd grew its stake in Vivint Solar by 75.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after purchasing an additional 8,233 shares in the last quarter. Rhumbline Advisers grew its stake in Vivint Solar by 9.8% during the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock worth $167,000 after purchasing an additional 2,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Vivint Solar during the 2nd quarter worth about $278,000. Teachers Advisors LLC boosted its position in shares of Vivint Solar by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after acquiring an additional 3,062 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Vivint Solar by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the company’s stock worth $426,000 after acquiring an additional 914 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other 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.

Get a free copy of the Zacks research report on Vivint Solar (VSLR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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.

Latest News

Leave a Reply