Vivint Solar Inc (VSLR) Receives Consensus Rating of “Buy” from Analysts

Shares of Vivint Solar Inc (NYSE:VSLR) have received a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $5.63.

A number of research firms have recently commented on VSLR. Zacks Investment Research upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded Vivint Solar from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Finally, Citigroup initiated coverage on Vivint Solar in a research note on Monday, January 7th. They set a “neutral” rating and a $4.25 price target on the stock.

In other Vivint Solar news, CRO Paul S. Dickson sold 239,359 shares of Vivint Solar stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $5.80, for a total transaction of $1,388,282.20. Following the sale, the executive now directly owns 377,161 shares of the company’s stock, valued at $2,187,533.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 13,777 shares of Vivint Solar stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $5.06, for a total value of $69,711.62. Following the sale, the executive now directly owns 245,004 shares in the company, valued at $1,239,720.24. The disclosure for this sale can be found here. Insiders have sold 8,508,865 shares of company stock worth $44,406,999 over the last 90 days. Corporate insiders own 4.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Vivint Solar by 17.2% during the 3rd quarter. FMR LLC now owns 10,679,047 shares of the company’s stock worth $55,531,000 after buying an additional 1,567,320 shares in the last quarter. Bank of America Corp DE increased its position in shares of Vivint Solar by 1,965.0% in the 2nd quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after buying an additional 535,308 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Vivint Solar by 166.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 476,511 shares of the company’s stock valued at $2,478,000 after buying an additional 297,959 shares in the last quarter. BlackRock Inc. increased its position in shares of Vivint Solar by 15.8% in the 2nd quarter. BlackRock Inc. now owns 1,986,795 shares of the company’s stock valued at $9,834,000 after buying an additional 270,923 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Vivint Solar in the 3rd quarter valued at $406,000. 88.87% of the stock is currently owned by institutional investors.

Shares of Vivint Solar stock traded up $0.11 during midday trading on Monday, hitting $4.10. The company’s stock had a trading volume of 590,562 shares, compared to its average volume of 662,252. The stock has a market cap of $476.07 million, a PE ratio of -2.59 and a beta of 0.27. The company has a quick ratio of 1.48, a current ratio of 1.58 and a debt-to-equity ratio of 3.23. Vivint Solar has a 1-year low of $2.70 and a 1-year high of $7.44.

Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.39). Vivint Solar had a net margin of 61.71% and a negative return on equity of 50.31%. The firm had revenue of $77.88 million for the quarter, compared to analyst estimates of $88.54 million. During the same period in the previous year, the business posted ($0.33) EPS. Vivint Solar’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Vivint Solar will post -2.08 EPS for the current fiscal year.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates.

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