Vivint Solar Inc (VSLR) : Sand Grove Capital Management Llp reduced its stake in Vivint Solar Inc by 22.32% during the most recent quarter end. The investment management company now holds a total of 1,044,078 shares of Vivint Solar Inc which is valued at $3,528,984 after selling 300,000 shares in Vivint Solar Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Vivint Solar Inc makes up approximately 2.49% of Sand Grove Capital Management Llp’s portfolio.
Other Hedge Funds, Including , Neuberger Berman Group added VSLR to its portfolio by purchasing 14,500 company shares during the most recent quarter which is valued at $43,065. Ecofin Ltd sold out all of its stake in VSLR during the most recent quarter. The investment firm sold 1,570,772 shares of VSLR which is valued $4,665,193. Swiss National Bank sold out all of its stake in VSLR during the most recent quarter. The investment firm sold 40,650 shares of VSLR which is valued $115,853.Spot Trading L.l.c reduced its stake in VSLR by selling 192,002 shares or 97.44% in the most recent quarter. The Hedge Fund company now holds 5,049 shares of VSLR which is valued at $14,390.Cutler Group Lp reduced its stake in VSLR by selling 14,640 shares or 95.34% in the most recent quarter. The Hedge Fund company now holds 715 shares of VSLR which is valued at $1,966.
Vivint Solar Inc opened for trading at $3.25 and hit $3.36 on the upside on Monday, eventually ending the session at $3.3, with a gain of 2.17% or 0.07 points. The heightened volatility saw the trading volume jump to 10,31,163 shares. Company has a market cap of $355 M.
On the company’s financial health, Vivint Solar Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.71 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.59. The company had revenue of $34.94 million for the quarter, compared to analysts expectations of $27.21 million. The company’s revenue was up 116.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Vivint Solar Inc. Shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $7.50 .Company shares were Upgraded by Deutsche Bank on May 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 7.50 from a previous price target of $3.50 .
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.