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Principale » Stock is down at $3.17 (VSLR) Vivint Solar to Relaunch Residential…

Stock is down at $3.17 (VSLR) Vivint Solar to Relaunch Residential…

09 Juin 2017

This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding the market and regulations for residential solar energy systems in Nevada, Vivint Solar's expansion strategy and intention to create jobs, and the affordability of solar power.

"We are very pleased Nevada officials have recognized the broad public support of rooftop solar and reestablished the state's commitment to the future of renewable energy", said CEO David Bywater.

A number of hedge funds have recently modified their holdings of VSLR. JMP Securities reaffirmed a "hold" rating on shares of Vivint Solar in a research report on Saturday, March 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Finally, Zacks Investment Research raised Vivint Solar from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a report on Wednesday, March 22nd. The 50 day moving average went up by +6.902% and the 200 day average went up by +7.279%. Vivint Solar has a 52 week low of $2.50 and a 52 week high of $3.70. The stock has a market capitalization of $353.84 million, a price-to-earnings ratio of 5.96 and a beta of -0.40.

Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, May 9th. In the last earnings report the EPS was $0.54 and is estimated to be $-1.74 for the current year with 110,576,000 shares now outstanding. The firm had revenue of $53.11 million for the quarter, compared to the consensus estimate of $47.09 million.

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Vivint Solar to Relaunch Residential Solar Energy Services in Nevada. The company's revenue for the quarter was up 208.2% on a year-over-year basis. Analysts expect next quarter's EPS will be $-0.40 and the next full year EPS is projected to be $-1.57.

Vivint Solar (VSLR) opened at 3.25 on Friday. If you are accessing this story on another site, it was stolen and reposted in violation of USA & worldwide trademark and copyright law. The shares were sold at an average price of $2.76, for a total value of $412,620.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dana C. Russell sold 149,500 shares of the stock in a transaction dated Friday, May 12th.

Shares last traded at $3.17 which is a tad above $2.97, the stock's 50 day moving average and a tad above the 200 day moving average of $2.96. Following the sale, the chief financial officer now directly owns 250,500 shares of the company's stock, valued at approximately $691,380. Company insiders own 5.20% of the company's stock. Bank of New York Mellon Corp increased its position in Vivint Solar by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company's stock valued at $426,000 after buying an additional 914 shares during the period. Teachers Advisors LLC increased its stake in Vivint Solar by 22.4% in the first quarter. Teachers Advisors LLC now owns 44,729 shares of the semiconductor company's stock valued at $125,000 after buying an additional 8,197 shares during the last quarter. Institutional investors own 93.68% of the company's stock. In the last 90 days, insiders have sold 463,800 shares of company stock worth $1,331,342.

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers' locations, to residential customers. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers.

Stock is down at $3.17 (VSLR) Vivint Solar to Relaunch Residential…