Vivint Solar (VSLR) Rating Increased to Buy at ValuEngine

Vivint Solar (NYSE:VSLR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently weighed in on VSLR. Bank of America upped their price objective on shares of Vivint Solar from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. JMP Securities upgraded shares of Vivint Solar from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Vivint Solar from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $5.50.

Shares of VSLR opened at $5.81 on Thursday. Vivint Solar has a twelve month low of $2.70 and a twelve month high of $6.15. The stock has a market cap of $657.04 million, a PE ratio of -3.68 and a beta of -0.38. The company has a current ratio of 1.77, a quick ratio of 1.68 and a debt-to-equity ratio of 3.20.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.39). Vivint Solar had a net margin of 61.71% and a negative return on equity of 46.26%. The company had revenue of $77.88 million for the quarter, compared to the consensus estimate of $88.54 million. During the same quarter in the prior year, the company earned ($0.33) earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Vivint Solar will post -1.55 earnings per share for the current fiscal year.

In other news, insider L. Chance Allred sold 6,980 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $5.30, for a total transaction of $36,994.00. Following the completion of the sale, the insider now owns 166,400 shares of the company’s stock, valued at $881,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph S. Tibbetts, Jr. sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $5.11, for a total value of $102,200.00. Following the sale, the director now directly owns 65,689 shares of the company’s stock, valued at approximately $335,670.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 433,178 shares of company stock valued at $2,365,768. 4.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Vivint Solar by 312.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 28,076 shares of the company’s stock valued at $149,000 after purchasing an additional 21,276 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Vivint Solar by 217.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 33,671 shares of the company’s stock valued at $167,000 after purchasing an additional 23,065 shares during the period. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Vivint Solar during the second quarter valued at approximately $206,000. Janney Montgomery Scott LLC purchased a new stake in shares of Vivint Solar during the third quarter valued at approximately $406,000. Finally, JPMorgan Chase & Co. lifted its stake in Vivint Solar by 402.4% in the first quarter. JPMorgan Chase & Co. now owns 82,527 shares of the company’s stock worth $301,000 after acquiring an additional 66,101 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Vivint Solar Company Profile

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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