Vivint Solar (VSLR) Upgraded at ValuEngine

Share on StockTwits

Vivint Solar (NYSE:VSLR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other analysts have also weighed in on the stock. Citigroup started coverage on shares of Vivint Solar in a research note on Monday, January 7th. They issued a “neutral” rating and a $4.25 price objective for the company. Zacks Investment Research lowered shares of Vivint Solar from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Vivint Solar presently has a consensus rating of “Buy” and a consensus price target of $5.25.

NYSE:VSLR opened at $5.09 on Tuesday. Vivint Solar has a 1-year low of $2.85 and a 1-year high of $7.44. The stock has a market capitalization of $597.79 million, a P/E ratio of -3.22 and a beta of 0.44. The company has a quick ratio of 1.48, a current ratio of 1.58 and a debt-to-equity ratio of 3.23.

In related news, major shareholder 313 Acquisition Llc sold 8,000,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $5.20, for a total value of $41,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bryan Christiansen sold 40,100 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $5.16, for a total transaction of $206,916.00. Following the completion of the sale, the chief operating officer now directly owns 179,665 shares of the company’s stock, valued at $927,071.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,124,859 shares of company stock valued at $42,204,057. 4.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in VSLR. BlackRock Inc. lifted its position in shares of Vivint Solar by 15.8% during the second quarter. BlackRock Inc. now owns 1,986,795 shares of the company’s stock valued at $9,834,000 after buying an additional 270,923 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vivint Solar by 54.3% during the second quarter. Dimensional Fund Advisors LP now owns 92,712 shares of the company’s stock valued at $459,000 after buying an additional 32,623 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Vivint Solar by 1,965.0% during the second quarter. Bank of America Corp DE now owns 562,550 shares of the company’s stock valued at $2,784,000 after buying an additional 535,308 shares during the last quarter. Northern Trust Corp lifted its position in shares of Vivint Solar by 11.8% during the second quarter. Northern Trust Corp now owns 350,180 shares of the company’s stock valued at $1,733,000 after buying an additional 36,932 shares during the last quarter. Finally, Perella Weinberg Partners Capital Management LP lifted its position in shares of Vivint Solar by 21.5% during the third quarter. Perella Weinberg Partners Capital Management LP now owns 165,364 shares of the company’s stock valued at $860,000 after buying an additional 29,226 shares during the last quarter. 89.02% of the stock is owned by institutional investors.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy to residential, commercial, and industrial customers in the United States. The company operates in two segments, Residential, and Commercial and Industrial. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates.

Featured Article: What are the risks of holding treasury bonds?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Vivint Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.