Vivint Solar Inc. (VSLR) PT Set at $2.00 by Bank of America Corp.
Vivint Solar Inc. (NYSE:VSLR) has been assigned a $2.00 price objective by stock analysts at Bank of America Corp. in a report issued on Wednesday. The firm currently has a a “sell” rating on the stock. Bank of America Corp.’s price objective suggests a potential downside of 31.03% from the company’s previous close.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Friday, August 12th. Credit Suisse Group AG set a $4.00 target price on shares of Vivint Solar and gave the stock a “hold” rating in a report on Monday, August 8th. Oppenheimer Holdings Inc. raised shares of Vivint Solar from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $6.00 target price (down previously from $7.50) on shares of Vivint Solar in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. raised shares of Vivint Solar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $2.50 to $3.50 in a report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Vivint Solar has an average rating of “Hold” and a consensus target price of $5.41.
Vivint Solar (NYSE:VSLR) opened at 2.90 on Wednesday. The company’s market cap is $312.37 million. The stock’s 50 day moving average is $3.11 and its 200 day moving average is $3.05. Vivint Solar has a 1-year low of $2.16 and a 1-year high of $10.60.
Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.10. Vivint Solar had a negative net margin of 14.02% and a negative return on equity of 33.88%. The company had revenue of $41.26 million for the quarter, compared to analyst estimates of $43.48 million. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. The company’s quarterly revenue was up 83.6% compared to the same quarter last year. Equities analysts anticipate that Vivint Solar will post ($2.03) earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted 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 worth $182,000 after buying an additional 1,050 shares in the last quarter. California State Teachers Retirement System boosted 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 worth $146,000 after buying an additional 3,442 shares in the last quarter. Teachers Advisors Inc. boosted 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 worth $112,000 after buying an additional 4,506 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Vivint Solar by 7.9% in the third quarter. BlackRock Investment Management LLC now owns 92,543 shares of the company’s stock worth $292,000 after buying an additional 6,797 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Vivint Solar by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 665,471 shares of the company’s stock worth $2,103,000 after buying an additional 10,185 shares in the last quarter. 93.28% of the stock is owned by institutional investors and hedge funds.
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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