Vivint Solar (NYSE:VSLR)‘s stock had its “neutral” rating reiterated by Guggenheim in a research note issued to investors on Thursday. They currently have a $5.00 price target on the stock. Guggenheim’s target price would suggest a potential upside of 35.14% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other brokerages have also issued reports on VSLR. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Saturday, January 6th. Bank of America assumed coverage on Vivint Solar in a research report on Monday, November 6th. They set a “buy” rating for the company. TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a research report on Monday, October 2nd. BidaskClub raised Vivint Solar from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered Vivint Solar from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.10.
Shares of Vivint Solar (VSLR) traded down $0.05 during trading hours on Thursday, reaching $3.70. The company had a trading volume of 292,692 shares, compared to its average volume of 323,322. The company has a market cap of $423.52, a price-to-earnings ratio of 10.00 and a beta of -0.32. 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 twelve month low of $2.65 and a twelve month high of $6.09.
In other news, COO Bryan Christiansen sold 31,700 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $3.25, for a total value of $103,025.00. Following the completion of the sale, the chief operating officer now directly owns 332,462 shares in the company, valued at approximately $1,080,501.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alex J. Dunn sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $3.43, for a total value of $343,000.00. Following the completion of the sale, the director now owns 395,649 shares of the company’s stock, valued at $1,357,076.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,810 shares of company stock valued at $798,623. Corporate insiders own 4.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VSLR. First Trust Advisors LP grew its stake in shares of Vivint Solar by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 114,852 shares of the company’s stock valued at $672,000 after buying an additional 16,707 shares during the period. Rhumbline Advisers grew its stake in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after buying an additional 2,549 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Vivint Solar by 31.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 133,935 shares of the company’s stock valued at $784,000 after buying an additional 32,000 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Vivint Solar in the 2nd quarter valued at about $278,000. Finally, Alliancebernstein L.P. grew its stake in shares of Vivint Solar by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 88,700 shares of the company’s stock valued at $519,000 after buying an additional 7,300 shares during the period. Institutional investors own 92.47% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Vivint Solar (VSLR) Stock Rating Reaffirmed by Guggenheim” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://stocknewstimes.com/2018/01/20/vivint-solar-vslr-stock-rating-reaffirmed-by-guggenheim.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar and related companies with MarketBeat.com's FREE daily email newsletter.