Somewhat Positive Media Coverage Somewhat Unlikely to Affect Vivint Solar (VSLR) Stock Price
Media headlines about Vivint Solar (NYSE:VSLR) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vivint Solar earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.4107214413064 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Investors should hold on Tech stock: Vivint Solar, Inc. (VSLR) – Street Observer (press release) (streetobserver.com)
- Vivint Solar (VSLR) & 8point3 Energy Partners (CAFD) Head to Head Comparison (americanbankingnews.com)
- Head to Head Comparison: Vivint Solar (VSLR) vs. TerraForm Global (GLBL) (americanbankingnews.com)
- Vivint Solar, Inc. (VSLR) Downgraded by ValuEngine to Sell (americanbankingnews.com)
- The Zacks Analyst Blog Highlights: SolarEdge Technologies, SunPower, JA Solar Holdings and Vivint Solar (finance.yahoo.com)
Vivint Solar (NYSE:VSLR) traded down 0.526% during midday trading on Wednesday, reaching $4.725. The company had a trading volume of 127,990 shares. Vivint Solar has a one year low of $2.50 and a one year high of $6.10. The company has a market capitalization of $540.85 million, a PE ratio of 9.926 and a beta of -0.23. The stock’s 50 day moving average is $4.98 and its 200 day moving average is $3.89.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.07. The business had revenue of $73 million for the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a net margin of 26.35% and a negative return on equity of 26.46%. The firm’s quarterly revenue was up 109.2% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Equities research analysts forecast that Vivint Solar will post ($1.48) earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Deutsche Bank AG lowered Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Wednesday, August 9th. BidaskClub lowered Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Saturday, August 12th. ValuEngine lowered Vivint Solar from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded Vivint Solar from a “neutral” rating to a “buy” rating and increased their price target for the stock from $3.50 to $6.00 in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.38.
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In other Vivint Solar news, insider L. Chance Allred sold 60,764 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $5.18, for a total transaction of $314,757.52. Following the sale, the insider now owns 91,463 shares of the company’s stock, valued at $473,778.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Bywater sold 35,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.25, for a total transaction of $183,750.00. Following the sale, the chief executive officer now directly owns 620,674 shares in the company, valued at approximately $3,258,538.50. The disclosure for this sale can be found here. Insiders sold 391,761 shares of company stock worth $2,062,928 over the last three months. 4.50% of the stock is currently owned by insiders.
Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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