ValuEngine downgraded shares of Vivint Solar (NYSE:VSLR) from a sell rating to a strong sell rating in a research note released on Monday, April 2nd.
Other analysts have also recently issued research reports about the company. Bank of America set a $6.00 price target on Vivint Solar and gave the stock a buy rating in a research report on Thursday, March 8th. Guggenheim reissued a neutral rating and issued a $5.00 price objective on shares of Vivint Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research reissued a hold rating on shares of Vivint Solar in a report on Saturday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $5.25.
Shares of Vivint Solar stock traded up $0.05 during trading on Monday, reaching $4.05. The company’s stock had a trading volume of 671,399 shares, compared to its average volume of 494,135. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.97. The stock has a market capitalization of $459.05, a price-to-earnings ratio of -2.54 and a beta of -0.52. Vivint Solar has a 1-year low of $2.65 and a 1-year high of $6.09.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings data on Wednesday, March 7th. The company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.11). Vivint Solar had a negative return on equity of 24.76% and a net margin of 78.01%. The business had revenue of $66.78 million during the quarter, compared to analyst estimates of $66.87 million. During the same period in the previous year, the business earned ($0.41) EPS. The firm’s revenue for the quarter was up 59.9% compared to the same quarter last year. equities research analysts anticipate that Vivint Solar will post -0.99 earnings per share for the current fiscal year.
In other Vivint Solar news, CFO Dana C. Russell sold 71,645 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $3.25, for a total transaction of $232,846.25. Following the completion of the sale, the chief financial officer now directly owns 400,277 shares in the company, valued at approximately $1,300,900.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Bywater sold 10,271 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $3.25, for a total value of $33,380.75. Following the sale, the chief executive officer now owns 520,926 shares of the company’s stock, valued at $1,693,009.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 512,054 shares of company stock valued at $1,646,382. 4.50% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Allegis Investment Advisors LLC purchased a new stake in Vivint Solar during the 4th quarter worth approximately $105,000. Dynamic Technology Lab Private Ltd increased its stake in Vivint Solar by 191.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Vivint Solar by 28.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after buying an additional 21,712 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vivint Solar by 161.8% during the 4th quarter. Bank of New York Mellon Corp now owns 338,412 shares of the company’s stock worth $1,371,000 after buying an additional 209,141 shares in the last quarter. Finally, State Street Corp increased its stake in Vivint Solar by 5.8% during the 2nd quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.
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About Vivint Solar
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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