The stock of Vivint Solar Inc (NYSE:VSLR) is a huge mover today! The stock increased 7.41% or $0.2 on November 23, hitting $2.9. About 433,094 shares traded hands or 37.24% up from the average. Vivint Solar Inc (NYSE:VSLR) has declined 13.95% since April 22, 2016 and is downtrending. It has underperformed by 19.36% the S&P500.
The move comes after 8 months positive chart setup for the $319.35 million company. It was reported on Nov, 24 by Barchart.com. We have $3.13 PT which if reached, will make NYSE:VSLR worth $25.55 million 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. $45 is the highest target while $3 is the lowest. The $5.50 average target is 89.66% above today’s ($2.9) stock price. Vivint Solar has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 17. Deutsche Bank maintained Vivint Solar Inc (NYSE:VSLR) on Wednesday, March 9 with “Hold” rating. The rating was initiated by JMP Securities on Thursday, September 8 with “Mkt Perform”. Bank of America reinitiated the shares of VSLR in a report on Wednesday, April 20 with “Underperform” rating. Oppenheimer upgraded Vivint Solar Inc (NYSE:VSLR) on Tuesday, August 9 to “Outperform” rating. Deutsche Bank upgraded the stock to “Buy” rating in Friday, May 27 report. JMP Securities downgraded the shares of VSLR in a report on Thursday, November 10 to “Market Perform” rating. The stock has “Neutral” rating given by Goldman Sachs on Friday, October 7. The firm has “Perform” rating given on Tuesday, June 21 by Oppenheimer. As per Thursday, November 3, the company rating was reinitiated by Credit Suisse.
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 Q2 2016. Its up 0.55, from 0.83 in 2016Q1. The ratio is positive, 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.
California State Teachers Retirement System has 0% invested in the company for 47,662 shares. Amer International has 13,084 shares for 0% of their US portfolio. Moreover, Blackrock Inc has 0% invested in Vivint Solar Inc (NYSE:VSLR) for 3,353 shares. Ardsley Advisory Prns last reported 0.4% of its portfolio in the stock. Blackrock Fund Advsr, a California-based fund reported 588,810 shares. Invesco Ltd has 0% invested in the company for 133,239 shares. Northern Tru holds 511,843 shares or 0% of its portfolio. New York State Common Retirement Fund holds 18,800 shares or 0% of its portfolio. Moreover, Teachers Advsr has 0% invested in Vivint Solar Inc (NYSE:VSLR) for 36,532 shares. Kcg accumulated 37,775 shares or 0% of the stock. Deutsche Bank Ag last reported 0% of its portfolio in the stock. Legal And General Gp Public Limited Com has invested 0% of its portfolio in Vivint Solar Inc (NYSE:VSLR). Manufacturers Life The last reported 3,221 shares in the company. Royal Fincl Bank Of Canada holds 72,000 shares or 0% of its portfolio. Blackrock Investment Mngmt Ltd Limited Liability Company accumulated 0% or 85,746 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: “Why Vivint Solar Inc.’s Shares Popped 39% on Friday” on May 27, 2016. More interesting news about Vivint Solar Inc (NYSE:VSLR) were released by: Fool.com and their article: “Forget Vivint Solar, Inc. — These 2 Stocks Are Better Buys” published on March 28, 2016 as well as Fool.com‘s news article titled: “How Vivint Solar Can Turn Its Business Around” with publication date: October 25, 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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