The stock of Vivint Solar Inc (NYSE:VSLR) is a huge mover today! About 121,798 shares traded hands. Vivint Solar Inc (NYSE:VSLR) has declined 11.68% since April 26, 2016 and is downtrending. It has underperformed by 16.94% the S&P500.
The move comes after 7 months positive chart setup for the $324.86M company. It was reported on Nov, 29 by Barchart.com. We have $3.19 PT which if reached, will make NYSE:VSLR worth $25.99M more.
Analysts await Vivint Solar Inc (NYSE:VSLR) to report earnings on March, 13. They expect $-0.47 EPS, up 6.00% or $0.03 from last year’s $-0.5 per share. After $-0.36 actual EPS reported by Vivint Solar Inc for the previous quarter, Wall Street now forecasts 30.56% negative EPS growth.
Vivint Solar Inc (NYSE:VSLR) Ratings Coverage
Out of 7 analysts covering Vivint Solar (NYSE:VSLR), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Vivint Solar has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Bank of America reinitiated the stock with “Underperform” rating in Wednesday, April 20 report. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, March 9. The firm has “Mkt Perform” rating given on Thursday, September 8 by JMP Securities. Goldman Sachs upgraded the shares of VSLR in a report on Friday, October 7 to “Neutral” rating. The rating was upgraded by Deutsche Bank to “Buy” on Friday, May 27. Credit Suisse maintained Vivint Solar Inc (NYSE:VSLR) on Thursday, March 17 with “Neutral” rating. The rating was downgraded by JMP Securities to “Market Perform” on Thursday, November 10. Credit Suisse reinitiated Vivint Solar Inc (NYSE:VSLR) on Thursday, November 3 with “Neutral” rating. The stock of Vivint Solar Inc (NYSE:VSLR) earned “Sell” rating by Goldman Sachs on Thursday, March 17. The stock of Vivint Solar Inc (NYSE:VSLR) earned “Outperform” rating by Oppenheimer on Tuesday, August 9.
According to Zacks Investment Research, “Vivint Solar Inc. is a provider of residential solar energy systems in the United States. It designs, installs, and maintains cost-effective solar energy systems. The Company also offers photovoltaic installation software products and devices. Vivint Solar, Inc. is headquartered in Provo, Utah.”
Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.55, from 0.83 in 2016Q1. The ratio improved, as 23 funds sold all Vivint Solar Inc shares owned while 19 reduced positions. 15 funds bought stakes while 20 increased positions. They now own 99.30 million shares or 3.88% more from 95.59 million shares in 2016Q1.
Panagora Asset Mngmt Inc last reported 32,764 shares in the company. American Int Grp reported 13,084 shares or 0% of all its holdings. Walleye Trading Ltd Company has 600 shares for 0% of their US portfolio. Citadel Advsr Llc holds 26,215 shares or 0% of its portfolio. Fmr Limited Company last reported 0% of its portfolio in the stock. Firsthand Cap Inc has 0.04% invested in the company for 12,000 shares. Royal Bancshares Of Canada accumulated 72,000 shares or 0% of the stock. Moreover, Creative Planning has 0% invested in Vivint Solar Inc (NYSE:VSLR) for 2,800 shares. Morgan Stanley reported 1,787 shares or 0% of all its holdings. Financial Bank Of Montreal Can owns 44,547 shares or 0% of their US portfolio. Dimensional Fund Lp last reported 0% of its portfolio in the stock. Susquehanna Interest Grp Llp accumulated 0% or 16,581 shares. Citigroup owns 6,387 shares or 0% of their US portfolio. Balyasny Asset Mgmt Limited holds 12,678 shares or 0% of its portfolio. Fincl Bank Of Mellon accumulated 0% or 89,418 shares.
More notable recent Vivint Solar Inc (NYSE:VSLR) news were published by: Fool.com which released: “Can Vivint Solar Inc. Recover From a Devastating 2015?” on March 16, 2016, also Fool.com with their article: “Finally Free: Can Vivint Solar Inc Stand on Its Own?” published on March 30, 2016, Fool.com published: “How Vivint Solar Can Turn Its Business Around” on October 25, 2016. More interesting news about Vivint Solar Inc (NYSE:VSLR) were released by: Fool.com and their article: “Why Vivint Solar Inc.’s Shares Popped 39% on Friday” published on May 27, 2016 as well as Fool.com‘s news article titled: “Forget Vivint Solar, Inc. — These 2 Stocks Are Better Buys” with publication date: March 28, 2016.
VSLR Company Profile
Vivint Solar, Inc., incorporated on August 12, 2011, primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential clients based on over 20-year contracts. The Firm operates through two operating divisions: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives.
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