BidaskClub lowered shares of Vivint Solar, Inc. (NYSE:VSLR) from a buy rating to a hold rating in a research report released on Thursday, September 14th.
VSLR has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) raised Vivint Solar from a neutral rating to a buy rating and raised their target price for the company from $3.50 to $6.00 in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Vivint Solar from a hold rating to a buy rating and set a $5.25 price target for the company in a research report on Saturday, August 12th. Deutsche Bank AG lowered Vivint Solar from a buy rating to a hold rating and set a $6.00 price target for the company. in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Vivint Solar from a sell rating to a hold rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $4.65.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. The business had revenue of $73.00 million for the quarter, compared to analyst estimates of $65.41 million. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The business’s revenue was up 109.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS.
COPYRIGHT VIOLATION NOTICE: “Vivint Solar, Inc. (VSLR) Downgraded by BidaskClub” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/21/bidaskclub-lowers-vivint-solar-inc-vslr-to-hold.html.
In other news, EVP Thomas G. Plagemann sold 6,550 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $5.45, for a total transaction of $35,697.50. Following the completion of the sale, the executive vice president now directly owns 199,326 shares of the company’s stock, valued at approximately $1,086,326.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Christiansen sold 27,033 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $5.50, for a total value of $148,681.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 373,761 shares of company stock valued at $1,977,068. Company insiders own 4.50% of the company’s stock.
Several hedge funds have recently modified their holdings of VSLR. Bank of New York Mellon Corp raised its stake in shares of Vivint Solar by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 914 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Vivint Solar by 235.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after acquiring an additional 141,329 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Vivint Solar by 1.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after acquiring an additional 1,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Vivint Solar in the 1st quarter valued at approximately $118,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Vivint Solar by 108.3% in the 1st quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 53,000 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
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.
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.