Vivint Solar, Inc. Common Stock (NYSE:VSLR):
Vivint Solar to Report Third Quarter 2016 Financial Results.
In the market the company is trading up by 1.61 percent from yesterday’s close.
Company shares last traded at $3.15 just above the 50 day moving average which is $3.12 and which is marginally over the 200 day moving average of $3.05. The 50 day moving average moved up $0.03 and the 200 day average went up by +3.18%.
In the latest earnings report the EPS was $-0.30 and is projected to be $-2.03 for the current year with 107,713,000 shares outstanding. Next quarter’s EPS is expected be $-0.47 and the next full year EPS is projected to be $-1.98.
Several brokerage analysts have provided guidance on the company recently. JMP Securities starting coverage on the stock setting a rating of “Market Perform” and price target of $9.00. On June 21, 2016 Oppenheimer began coverage with a rating of “Perform”.
On May 27 the company was set at “Buy” in a report from Deutsche Bank which was a boost from the previous “Hold” rating. Equity analyst Bank of America initiated coverage giving it an initial rating of “Underperform”.
March 17 investment analysts at Credit Suisse left the company rating at “Neutral” and lowered the price target to $6.00 from $16.50. On March 9 Deutsche Bank held the company rating at “Hold” but lowered the price expectation from $16.50 to $4.50.