Thomas G. Plagemann Sells 12,970 Shares of Vivint Solar Inc (NYSE:VSLR) Stock

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Vivint Solar Inc (NYSE:VSLR) EVP Thomas G. Plagemann sold 12,970 shares of Vivint Solar stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $7.51, for a total value of $97,404.70. Following the completion of the transaction, the executive vice president now directly owns 275,176 shares of the company’s stock, valued at $2,066,571.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:VSLR opened at $7.35 on Monday. The stock has a market capitalization of $908.33 million, a P/E ratio of -3.09 and a beta of 0.35. Vivint Solar Inc has a 1-year low of $3.55 and a 1-year high of $9.82. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 4.27. The business has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $7.32.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.99) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.48). The firm had revenue of $103.80 million for the quarter, compared to the consensus estimate of $96.76 million. Vivint Solar had a negative return on equity of 115.40% and a negative net margin of 24.89%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.61) earnings per share. As a group, equities analysts predict that Vivint Solar Inc will post -3.15 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Vivint Solar by 1,260.2% in the 2nd quarter. Bank of Montreal Can now owns 3,659 shares of the company’s stock valued at $27,000 after purchasing an additional 3,390 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Vivint Solar in the 2nd quarter valued at approximately $37,000. Great Valley Advisor Group Inc. acquired a new position in Vivint Solar during the 3rd quarter worth approximately $92,000. Metropolitan Life Insurance Co NY acquired a new position in Vivint Solar during the 3rd quarter worth approximately $107,000. Finally, Aperio Group LLC acquired a new position in Vivint Solar during the 2nd quarter worth approximately $110,000. Institutional investors own 99.12% of the company’s stock.

Several brokerages have weighed in on VSLR. Oppenheimer set a $11.00 price objective on Vivint Solar and gave the stock a “buy” rating in a report on Friday, August 9th. Bank of America boosted their price objective on Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 9th. KeyCorp began coverage on Vivint Solar in a report on Monday, August 19th. They set an “overweight” rating and a $12.00 price objective for the company. ValuEngine raised Vivint Solar from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Citigroup set a $11.00 price objective on Vivint Solar and gave the stock a “buy” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $11.67.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. 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. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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