Credit Suisse Group AG reissued their hold rating on shares of Vivint Solar Inc (NYSE:VSLR) in a research note released on Thursday. The brokerage currently has a $4.00 price target on the semiconductor company’s stock.
Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Vivint Solar from a hold rating to a buy rating and set a $3.00 target price for the company in a report on Wednesday, March 22nd. JMP Securities reiterated a hold rating on shares of Vivint Solar in a report on Saturday, March 18th. Finally, Goldman Sachs Group Inc reiterated a neutral rating on shares of Vivint Solar in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.31.
Vivint Solar (NYSE:VSLR) remained flat at $2.75 on Thursday. 287,030 shares of the company’s stock traded hands. The company has a market capitalization of $303.22 million, a P/E ratio of 17.19 and a beta of -0.40. The stock has a 50-day moving average of $2.86 and a 200 day moving average of $2.98. Vivint Solar has a 1-year low of $2.16 and a 1-year high of $4.06.
Vivint Solar (NYSE:VSLR) last announced its earnings results on Thursday, March 16th. The semiconductor company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. The company earned $41.80 million during the quarter, compared to the consensus estimate of $41.71 million. Vivint Solar had a negative net margin of 14.02% and a negative return on equity of 33.88%. The firm’s revenue for the quarter was up 161.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.50) earnings per share. On average, analysts forecast that Vivint Solar will post ($1.56) earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock worth $24,679,000 after buying an additional 752,239 shares in the last quarter. Quentec Asset Management LLC raised its position in shares of Vivint Solar by 40.4% in the third quarter. Quentec Asset Management LLC now owns 2,921,096 shares of the semiconductor company’s stock worth $9,230,000 after buying an additional 840,649 shares in the last quarter. Ardsley Advisory Partners purchased a new position in Vivint Solar during the third quarter worth approximately $2,228,000. First Trust Advisors LP purchased a new position in Vivint Solar during the third quarter worth approximately $327,000. Finally, Dimensional Fund Advisors LP raised its position in Vivint Solar by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 60,089 shares of the semiconductor company’s stock worth $153,000 after buying an additional 25,982 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.
Vivint Solar Company Profile
Vivint Solar, Inc primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I).
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