Vivint Solar Inc. (NYSE: VSLR): To Buy Or Not To Buy, That Is The Question


Fidelity Management & Research Co.. has recently announced that it has increased stake in Vivint Solar Inc. (NYSE:VSLR) by 9.14%. After grabbing 13.76 million shares, the institutional investor is now in possession of 1.15 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.97% having worth around $279.81 million. Moreover, FIAM LLC increased its share by 0.46 million to have a control over 3.7 million shares. And The Vanguard Group, Inc. raised its holdings to 0.47 million shares by acquiring 3.44 million shares or 2.74% of the stake.

Vivint Solar Inc. (VSLR) concluded trading on 08/26/20 at a closing price of $27.44, with 2.59 million shares of worth about $71.16 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 4.33% during that period and on Wednesday the price saw a loss of about -1.51%. Currently the company’s common shares owned by public are about 124.84M shares, out of which, 120.48M shares are available for trading.

Analysts also issued an outlook of 2.50 for the Vivint Solar Inc. stock for next 12 months.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 135 times over the past 12 months. They bought 1,805,729 shares in 45 of the transactions. In 90 selling transactions, insiders dumped 19,251,296 shares.

Fidelity Balanced Fund, Invesco Solar ETF, and Fidelity Strategic Advisers US To are the top 3 mutual funds which are holding stakes in Vivint Solar Inc. Fidelity Balanced Fund is currently holding 10.89 million shares of worth totaling $221.42 million. The company recently came buying 0.26 million shares which brought its stake up to 8.68% of the company’s outstanding shares. Invesco Solar ETF bought 18648.0 shares, after which its hold over company’s outstanding shares expand to 1.96%, leaving 2.46 million shares with the mutual fund that have a worth of about $50.0 million. Fidelity Strategic Advisers US To, after buying 2.24 million shares, have now control over 1.79% of the stake in the company. It holds 0.0 shares of worth $45.64 million.

Vivint Solar Inc. (NYSE: VSLR) started trading at $27.86, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $27.44, or with a loss of -1.51%. Stock saw a price change of 4.33% in past 5 days and over the past one month there was a price change of 24.05%. Year-to-date (YTD), VSLR shares are showing a performance of 277.96% which increased to 251.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.17 but also hit the highest price of $28.42 during that period. While comparing its average daily trading volume of 2.82 million shares, we see that about 2.59 million changed hands on the day. The stock is currently trading 11.44% above its 20-day simple moving average (SMA20), while that difference is up 45.39% for SMA50 and it goes to 164.36% higher than SMA200.

Fidelity Management & Research Co.. acquired 13.76 million shares of Vivint Solar Inc. having value of about $279.81 million. Data submitted at the U.S SEC by Fidelity Management & Research Co.. revealed that the firm now holds 1.15 million shares in the company valued at close to $31627618.4, or have control over 9.14% stake in the company. Vivint Solar Inc. (NYSE: VSLR) currently have 124.84M outstanding shares and institutions hold larger chunk of about 97.40% of that. Holding of mutual funds in the company is about 26.23% while other institutional holders and individual stake holders have control over 48.55% and 16.85% of the stake respectively.

The stock has a current market capitalization of $3.28B and its 3Y-monthly beta is at 1.68. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 13.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VSLR, volatility over the week remained 5.07% while standing at 7.47% over the month.

Analysts are in expectations that Vivint Solar Inc. (VSLR) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter ESPS is $0.16 and it is $0.12 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is $0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -535.10% while it is estimated to increase by 340.00% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on July 07, 2020 offering a Mkt perform rating for the stock and assigned a target price of $15 to it. Coverage by Goldman stated Vivint Solar Inc. (VSLR) stock as a Neutral in their note to investors on June 25, 2020, suggesting a price target of $10 for the stock. On August 20, 2019, KeyBanc Capital Markets Initiated their recommendations, while on May 07, 2019, Citigroup Upgrade their ratings for the stock with a price target of $8.50. Stock get a Buy rating from ROTH Capital on May 06, 2019.


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