Vivint Solar, Inc. (NYSE:VSLR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Vivint Solar Inc. is a provider of residential solar energy systems in the United States. It designs, installs, and maintains cost-effective solar energy systems. The Company also offers photovoltaic installation software products and devices. Vivint Solar, Inc. is headquartered in Provo, Utah. “

VSLR has been the topic of a number of other research reports. Bank of America Corporation initiated coverage on Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating on the stock. Guggenheim initiated coverage on Vivint Solar in a research note on Wednesday, September 27th. They set a “buy” rating and a $5.00 price objective on the stock. Deutsche Bank AG downgraded Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research note on Wednesday, August 9th. BidaskClub downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, ValuEngine downgraded Vivint Solar from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Vivint Solar presently has a consensus rating of “Hold” and a consensus price target of $5.05.

Vivint Solar (NYSE:VSLR) traded down $0.15 during mid-day trading on Tuesday, hitting $3.60. The stock had a trading volume of 364,600 shares, compared to its average volume of 450,763. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.18. Vivint Solar has a one year low of $2.55 and a one year high of $6.09.

Vivint Solar (NYSE:VSLR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The company had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. Vivint Solar had a net margin of 18.65% and a negative return on equity of 26.04%. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period last year, the company earned ($0.36) EPS. analysts expect that Vivint Solar will post -1.48 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in VSLR. Bank of New York Mellon Corp raised its stake in shares of Vivint Solar by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 152,176 shares of the company’s stock valued at $426,000 after purchasing an additional 914 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Vivint Solar by 235.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the company’s stock valued at $564,000 after purchasing an additional 141,329 shares during the period. First Trust Advisors LP raised its stake in shares of Vivint Solar by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 114,852 shares of the company’s stock valued at $672,000 after purchasing an additional 16,707 shares during the period. Rhumbline Advisers raised its stake in shares of Vivint Solar by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock valued at $167,000 after purchasing an additional 2,549 shares during the period. Finally, GCA Investment Management LLC acquired a new stake in shares of Vivint Solar in the 2nd quarter valued at about $4,556,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Vivint Solar (NYSE:VSLR)

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