JMP Securities lowered shares of Vivint Solar Inc. (NYSE:VSLR) from an outperform rating to a market perform rating in a report released on Wednesday morning.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Vivint Solar from a hold rating to a buy rating and set a $3.75 target price for the company in a report on Friday, August 12th. Bank of America Corp. set a $2.00 target price on shares of Vivint Solar and gave the stock a sell rating in a report on Wednesday, November 9th. 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. upgraded shares of Vivint Solar from a market perform rating to an outperform rating and set a $7.00 target price for the company in a report on Tuesday, August 9th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $6.00 price objective (down previously from $7.50) on shares of Vivint Solar in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Vivint Solar has a consensus rating of Hold and an average price target of $5.34.

Shares of Vivint Solar (NYSE:VSLR) opened at 2.90 on Wednesday. The stock’s 50 day moving average price is $3.11 and its 200-day moving average price is $3.04. Vivint Solar has a 12-month low of $2.16 and a 12-month high of $10.60. The firm’s market capitalization is $315.21 million.

Vivint Solar (NYSE:VSLR) last issued its earnings results on Tuesday, November 8th. The company reported ($0.36) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.10. The firm earned $41.26 million during the quarter, compared to analysts’ expectations of $43.48 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 83.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.47) earnings per share. On average, equities analysts expect that Vivint Solar will post ($2.13) EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Vivint Solar during the second quarter worth about $136,000. California State Teachers Retirement System increased its stake 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 during the last quarter. Schroder Investment Management Group bought a new stake in Vivint Solar during the second quarter worth about $276,000. Vanguard Group Inc. increased its stake in Vivint Solar by 6.0% in the second quarter. Vanguard Group Inc. now owns 1,551,347 shares of the company’s stock worth $4,763,000 after buying an additional 87,825 shares during the last quarter. Finally, BlackRock Investment Management LLC increased its stake in Vivint Solar by 17.0% in the second quarter. BlackRock Investment Management LLC now owns 85,746 shares of the company’s stock worth $263,000 after buying an additional 12,481 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

About Vivint Solar

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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