Vivint Solar Inc (VSLR) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on Oct 7, 2016.
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 .
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.
Vivint Solar Inc closed down -0.07 points or -2.24% at $3.05 with 4,51,249 shares getting traded on Tuesday. Post opening the session at $3.12, the shares hit an intraday low of $3.04 and an intraday high of $3.1778 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.