Vivint Solar (VSLR) Stock Rating Reaffirmed by Guggenheim

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.

Vivint Solar (NYSE:VSLR) last announced its earnings results 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 company had revenue of $75.10 million for the quarter, compared to the consensus estimate of $74.56 million. Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The firm’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.36) earnings per share. equities analysts anticipate that Vivint Solar will post -1.48 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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