Vivint Solar Inc. (VSLR) Rating Reiterated by Deutsche Bank AG
Vivint Solar Inc. (NYSE:VSLR)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a $6.00 target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 106.90% from the stock’s current price.
Several other brokerages have also weighed in on VSLR. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Friday, August 12th. Bank of America Corp. set a $2.00 price objective on Vivint Solar and gave the company a “sell” rating in a report on Wednesday. Credit Suisse Group AG set a $4.00 price objective on Vivint Solar and gave the company a “hold” rating in a report on Monday, August 8th. Oppenheimer Holdings Inc. upgraded Vivint Solar from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a report on Tuesday, August 9th. Finally, JMP Securities lowered Vivint Solar from an “outperform” rating to a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.41.
Shares of Vivint Solar (NYSE:VSLR) opened at 2.90 on Wednesday. Vivint Solar has a 52 week low of $2.16 and a 52 week high of $10.60. The firm’s market capitalization is $312.37 million. The firm has a 50-day moving average price of $3.11 and a 200-day moving average price of $3.05.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.10. Vivint Solar had a negative return on equity of 34.43% and a negative net margin of 14.02%. The company earned $41.26 million during the quarter, compared to analyst estimates of $43.48 million. During the same quarter in the previous year, the firm posted ($0.47) EPS. The firm’s quarterly revenue was up 83.6% on a year-over-year basis. On average, equities analysts expect that Vivint Solar will post ($2.03) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in VSLR. Bank of Montreal Can acquired a new position in Vivint Solar during the second quarter valued at $136,000. 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. Schroder Investment Management Group acquired a new position in Vivint Solar during the second quarter valued at $276,000. Vanguard Group Inc. raised its position in Vivint Solar by 6.0% in the second quarter. Vanguard Group Inc. now owns 1,551,347 shares of the company’s stock valued at $4,763,000 after buying an additional 87,825 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. 93.28% of the stock is currently owned by institutional investors.
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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