Vivint Solar Inc (VSLR) : Quentec Asset Management added new position in Vivint Solar Inc during the most recent quarter end. The investment management firm now holds 2,080,447 shares of Vivint Solar Inc which is valued at $6,719,844 , the company said in a statement filed on Aug 15, 2016 with the SEC.Vivint Solar Inc makes up approximately 1.49% of Quentec Asset Management’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates added VSLR to its portfolio by purchasing 55,387 company shares during the most recent quarter which is valued at $178,900.Tiaa Cref Investment Management boosted its stake in VSLR in the latest quarter, The investment management firm added 10,339 additional shares and now holds a total of 79,418 shares of Vivint Solar Inc which is valued at $256,520. Ubs Asset Management Americas Inc sold out all of its stake in VSLR during the most recent quarter. The investment firm sold 16,000 shares of VSLR which is valued $54,080.California Public Employees Retirement System reduced its stake in VSLR by selling 300 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 23,700 shares of VSLR which is valued at $67,545.
Vivint Solar Inc closed down -0.06 points or -1.85% at $3.19 with 466,700 shares getting traded on Wednesday. Post opening the session at $3.28, the shares hit an intraday low of $3.19 and an intraday high of $3.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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. Vivint Solar Inc was Initiated by JMP Securities to “Mkt Perform” on Sep 8, 2016. 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.