Vivint Solar Inc. (NYSE:VSLR) has earned an average rating of “Hold” from the nine analysts that are currently covering the stock. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.89.

A number of brokerages have recently weighed in on VSLR. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Friday, August 12th. Credit Suisse Group AG set a $4.00 target price on Vivint Solar and gave the company a “hold” rating in a research note on Monday, August 8th. Oppenheimer Holdings Inc. started coverage on Vivint Solar in a research note on Monday, June 20th. They issued a “market perform” rating for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $6.00 price objective (down from $7.50) on shares of Vivint Solar in a research report on Tuesday, August 9th. Finally, JMP Securities started coverage on Vivint Solar in a research report on Thursday, September 8th. They issued a “market perform” rating and a $9.00 price objective for the company.

Shares of Vivint Solar (NYSE:VSLR) opened at 3.12 on Thursday. The stock has a 50 day moving average of $3.15 and a 200-day moving average of $3.01. The stock’s market capitalization is $336.06 million. Vivint Solar has a 52-week low of $2.16 and a 52-week high of $13.05.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Monday, August 8th. The company reported ($0.49) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.09. Vivint Solar had a negative return on equity of 36.38% and a negative net margin of 34.83%. The company earned $34.90 million during the quarter, compared to analyst estimates of $24.98 million. During the same period last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 116.6% compared to the same quarter last year. On average, equities research analysts predict that Vivint Solar will post ($2.04) EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in Vivint Solar by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,157 shares of the company’s stock valued at $182,000 after buying an additional 1,050 shares during the last quarter. Geode Capital Management LLC raised its position in Vivint Solar by 1.2% in the first quarter. Geode Capital Management LLC now owns 140,623 shares of the company’s stock valued at $372,000 after buying an additional 1,735 shares during the last quarter. California State Teachers Retirement System raised its position in Vivint Solar by 7.8% in the second quarter. California State Teachers Retirement System now owns 47,662 shares of the company’s stock valued at $146,000 after buying an additional 3,442 shares during the last quarter. Teachers Advisors Inc. raised its position in Vivint Solar by 14.1% in the second quarter. Teachers Advisors Inc. now owns 36,532 shares of the company’s stock valued at $112,000 after buying an additional 4,506 shares during the last quarter. Finally, BlackRock Investment Management LLC raised its position in Vivint Solar by 17.0% in the second quarter. BlackRock Investment Management LLC now owns 85,746 shares of the company’s stock valued at $263,000 after buying an additional 12,481 shares during the last quarter. Institutional investors own 93.23% 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).

5 Day Chart for NYSE:VSLR

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