Vivint Solar Inc (NYSE:VSLR) EVP Thomas G. Plagemann sold 8,200 shares of Vivint Solar stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $5.01, for a total value of $41,082.00. Following the sale, the executive vice president now owns 195,747 shares of the company’s stock, valued at approximately $980,692.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
NYSE:VSLR traded down $0.05 during mid-day trading on Friday, reaching $5.00. The stock had a trading volume of 326,601 shares, compared to its average volume of 341,171. The company has a market capitalization of $598.93 million, a price-to-earnings ratio of -3.16 and a beta of -0.45. Vivint Solar Inc has a one year low of $2.70 and a one year high of $6.15. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.77 and a quick ratio of 1.68.
Vivint Solar (NYSE:VSLR) last released its earnings results on Tuesday, August 7th. The company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.30). The firm had revenue of $80.80 million during the quarter, compared to the consensus estimate of $91.30 million. Vivint Solar had a negative return on equity of 36.77% and a net margin of 67.35%. sell-side analysts anticipate that Vivint Solar Inc will post -0.05 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Vivint Solar by 15.8% in the 2nd quarter. BlackRock Inc. now owns 1,986,795 shares of the company’s stock worth $9,834,000 after buying an additional 270,923 shares during the last quarter. Renaissance Technologies LLC lifted its position in Vivint Solar by 9.9% in the second quarter. Renaissance Technologies LLC now owns 633,530 shares of the company’s stock valued at $3,136,000 after purchasing an additional 57,300 shares during the last quarter. Bank of America Corp DE lifted its position in Vivint Solar by 1,965.0% in the second quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after purchasing an additional 535,308 shares during the last quarter. Millennium Management LLC bought a new stake in Vivint Solar in the first quarter valued at approximately $1,969,000. Finally, Bank of New York Mellon Corp lifted its position in Vivint Solar by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 401,780 shares of the company’s stock valued at $1,989,000 after purchasing an additional 41,146 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.
A number of analysts have recently issued reports on the company. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Bank of America boosted their target price on 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 Vivint Solar from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 8th. Guggenheim upgraded Vivint Solar from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Finally, Zacks Investment Research downgraded 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 sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.50.
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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