Vivint Solar Inc (NYSE:VSLR) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.40.
A number of research analysts recently weighed in on the stock. JMP Securities reiterated a “hold” rating on shares of Vivint Solar in a research note on Saturday. Goldman Sachs Group Inc reiterated a “neutral” rating on shares of Vivint Solar in a research note on Friday, February 10th. Finally, Zacks Investment Research downgraded shares of Vivint Solar from a “buy” rating to a “hold” rating in a report on Friday, January 6th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quentec Asset Management LLC increased its position in shares of Vivint Solar by 40.4% in the third quarter. Quentec Asset Management LLC now owns 2,921,096 shares of the company’s stock valued at $9,230,000 after buying an additional 840,649 shares during the last quarter. FMR LLC increased its position in shares of Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the company’s stock valued at $24,679,000 after buying an additional 752,239 shares during the last quarter. Ardsley Advisory Partners purchased a new position in shares of Vivint Solar during the third quarter valued at approximately $2,228,000. First Trust Advisors LP purchased a new position in shares of Vivint Solar during the third quarter valued at approximately $327,000. Finally, Bank of Montreal Can increased its position in shares of Vivint Solar by 105.3% in the third quarter. Bank of Montreal Can now owns 91,460 shares of the company’s stock valued at $289,000 after buying an additional 46,913 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.
Vivint Solar (NYSE:VSLR) opened at 2.75 on Tuesday. Vivint Solar has a one year low of $2.16 and a one year high of $4.06. The firm’s market capitalization is $302.83 million. The stock’s 50 day moving average is $3.11 and its 200 day moving average is $3.03.
Vivint Solar (NYSE:VSLR) last released its quarterly earnings data on Thursday, March 16th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. Vivint Solar had a negative net margin of 14.02% and a negative return on equity of 33.88%. The business earned $41.80 million during the quarter, compared to analyst estimates of $41.71 million. During the same period in the previous year, the business earned ($0.50) EPS. Vivint Solar’s revenue was up 161.2% compared to the same quarter last year. On average, equities research analysts predict that Vivint Solar will post ($1.51) earnings per share for the current fiscal year.
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About Vivint Solar
Vivint Solar, Inc primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I).
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