Vivint Solar, Inc. (NYSE:VSLR) Releases Earnings Results

Vivint Solar, Inc. (NYSE:VSLR) released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07, Bloomberg Earnings reports. The business had revenue of $73 million for the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The company’s revenue was up 109.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS.

Shares of Vivint Solar (VSLR) traded up 1.06% during midday trading on Friday, reaching $4.75. The company’s stock had a trading volume of 295,997 shares. Vivint Solar has a 12 month low of $2.50 and a 12 month high of $6.09. The stock’s 50 day moving average is $5.25 and its 200 day moving average is $3.74. The stock has a market capitalization of $543.71 million, a PE ratio of 9.98 and a beta of -0.25.

In other Vivint Solar news, insider L. Chance Allred sold 30,700 shares of Vivint Solar stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $3.10, for a total transaction of $95,170.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Bywater sold 35,000 shares of Vivint Solar stock in a transaction that occurred 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 transaction, the chief executive officer now owns 620,674 shares in the company, valued at $3,258,538.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 504,861 shares of company stock worth $2,410,242. Corporate insiders own 4.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the semiconductor company’s stock valued at $10,200,000 after buying an additional 329,748 shares during the last quarter. GCA Investment Management LLC purchased a new position in Vivint Solar during the second quarter valued at $4,556,000. State Street Corp boosted its position in Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the semiconductor company’s stock valued at $2,127,000 after buying an additional 20,027 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 141,329 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the semiconductor company’s stock valued at $947,000 after buying an additional 132,751 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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A number of research firms recently weighed in on VSLR. Deutsche Bank AG cut Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Wednesday, August 9th. BidaskClub cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a 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 report on Saturday, August 12th. Credit Suisse Group set a $4.00 price target on Vivint Solar and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.38.

About Vivint Solar

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.

Earnings History for Vivint Solar (NYSE:VSLR)

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