Vivint Solar (VSLR) Downgraded to “Neutral” at Guggenheim

Vivint Solar (NYSE:VSLR) was downgraded by investment analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.

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 $4.25 price objective for the company in a research note on Saturday, November 11th. Bank of America initiated coverage on shares of Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating for the company. TheStreet upgraded shares of Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, ValuEngine cut shares of Vivint Solar from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.10.

Shares of Vivint Solar (VSLR) opened at $4.00 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.05. Vivint Solar has a one year low of $2.65 and a one year high of $6.09. The firm has a market cap of $459.05, a price-to-earnings ratio of 10.26 and a beta of -0.31.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data 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). Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The firm had revenue of $75.10 million during the quarter, compared to analyst estimates of $74.56 million. During the same quarter in the previous year, the firm posted ($0.36) earnings per share. Vivint Solar’s quarterly revenue was up 81.8% compared to the same quarter last year. research analysts anticipate that Vivint Solar will post -1.48 EPS for the current fiscal year.

In related news, COO Bryan Christiansen sold 60,210 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $3.44, for a total transaction of $207,122.40. Following the completion of the transaction, the chief operating officer now directly owns 272,252 shares in the company, valued at approximately $936,546.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Bywater sold 44,900 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $3.24, for a total transaction of $145,476.00. Following the transaction, the chief executive officer now owns 575,774 shares of the company’s stock, valued at $1,865,507.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,810 shares of company stock valued at $798,623. Corporate insiders own 4.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in VSLR. Dynamic Technology Lab Private Ltd raised its stake in shares of Vivint Solar by 75.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock valued at $112,000 after buying an additional 8,233 shares in the last quarter. 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 buying an additional 2,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Vivint Solar in the 2nd quarter valued at $278,000. Teachers Advisors LLC raised its stake in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock valued at $280,000 after buying an additional 3,062 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Vivint Solar by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock valued at $430,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

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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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