Vivint Solar, Inc. (NYSE:VSLR)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued on Friday.
A number of other research firms have also recently commented on VSLR. JMP Securities cut Vivint Solar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Bank of America Corporation set a $2.00 target price on Vivint Solar and gave the company a “sell” rating in a research note on Wednesday, November 9th. Deutsche Bank AG reissued a “buy” rating and issued a $6.00 target price on shares of Vivint Solar in a research note on Wednesday, November 9th. Zacks Investment Research cut Vivint Solar from a “buy” rating to a “hold” rating in a research note on Saturday, December 17th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $4.00 target price on shares of Vivint Solar in a research note on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.34.
Shares of Vivint Solar (NYSE:VSLR) opened at 3.10 on Friday. The stock’s 50 day moving average price is $2.95 and its 200-day moving average price is $3.03. The company’s market cap is $341.38 million. Vivint Solar has a 52-week low of $2.16 and a 52-week high of $8.30.
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Several hedge funds have recently bought and sold shares of VSLR. Quentec Asset Management LLC purchased a new stake in Vivint Solar during the second quarter worth $6,387,000. FMR LLC raised its stake in Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the company’s stock worth $24,679,000 after buying an additional 752,239 shares in the last quarter. Ardsley Advisory Partners purchased a new stake in Vivint Solar during the third quarter worth $2,228,000. First Trust Advisors LP purchased a new stake in Vivint Solar during the third quarter worth $327,000. Finally, Bank of Montreal Can raised its stake in Vivint Solar by 105.3% in the third quarter. Bank of Montreal Can now owns 91,460 shares of the company’s stock worth $289,000 after buying an additional 46,913 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.
About Vivint Solar
Vivint Solar, Inc primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I).
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