Vivint Solar Inc (VSLR) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.65 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $-0.59. The company posted revenue of $17.20 million in the period, 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.
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.
Vivint Solar Inc closed down -0.18 points or -6.82% at $2.46 with 11,43,589 shares getting traded on Friday. Post opening the session at $2.6, the shares hit an intraday low of $2.415 and an intraday high of $2.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.