Vivint Solar Inc (VSLR) is Upgraded by Deutsche Bank to Buy, Raises Price Target to $ 7.50

Vivint Solar Inc (VSLR) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 7.50 from a previous price target of $3.50 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on May 27, 2016.

Many Wall Street Analysts have commented on Vivint Solar Inc. BofA/Merrill Resumed Vivint Solar Inc on Apr 20, 2016 to “Underperform”, Price Target of the shares are set at $2.Shares were Reiterated by Deutsche Bank on Apr 15, 2016 to “Hold” and Lowered the Price Target to $ 3.50 from a previous price target of $4 .Goldman Resumed Vivint Solar Inc on Mar 17, 2016 to “Sell”, Price Target of the shares are set at $3.

On the company’s financial health, Vivint Solar Inc reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.59. The company had revenue of $17.20 million for the quarter, compared to analysts expectations of $17.89 million. The company’s revenue was up 81.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.57 EPS.

Vivint Solar Inc opened for trading at $2.69 and hit $2.79 on the upside on Wednesday, eventually ending the session at $2.75, with a gain of 1.10% or 0.03 points. The heightened volatility saw the trading volume jump to 8,47,421 shares. Company has a market cap of $295 M.

In a different news, on Jun 4, 2015, Shawn J. Lindquist (officer ) sold 55,148 shares at $13.93 per share price.

Vivint Solar Inc. is a provider of distributed solar energy which is electricity generated by a solar energy system installed at customers’ locations. Through its investment funds the Company owns an interest in the solar energy systems it installs and ownership of the solar energy systems allows it and the other fund investors to benefit from various local state and federal incentives. The Company obtains financing based on these cash flows and incentives. When customers decide to move or sell the home prior to the end of their contract term the customer contracts allow its customers to transfer their obligations to the new home buyer. The Company offers consultation design and engineering process installation and ongoing monitoring and services.

Vivint Solar Inc

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