Oppenheimer Upgrades Vivint Solar Inc to Outperform

Brokerage firm Oppenheimer Upgrades its rating on Vivint Solar Inc(NYSE:VSLR). The shares have been rated Outperform. Previously, the analysts had a Perform rating on the shares. The rating by Oppenheimer was issued on Aug 9, 2016.

In a different note, Oppenheimer said it Initiates Coverage on Vivint Solar Inc, according to a research note issued on Jun 21, 2016. The shares have been rated ‘Perform’ by the firm. On May 27, 2016, Deutsche Bank said it Upgrades its rating on Vivint Solar Inc. In the research note, the firm Raises the price-target to $3.50 per share. The shares have been rated ‘Buy’ by the firm.

Vivint Solar Inc (VSLR) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -1.22% at a volume of 4,77,530. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.31. The peak price level was also seen at $3.31 while the days lowest was $3.24. Finally the shares closed at $3.25. The 52-week high of the shares is $13.9 while the 52-week low is $2.16. According to the latest information available, the market cap of the company is $350 M.

Vivint Solar Inc(VSLR) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $34.90M. Analysts had an estimated revenue of $24.98M. Earnings per share were $-0.49. Analysts had estimated an EPS of $-0.58.

Several Insider Transactions has been reported to the SEC. On Jun 4, 2015, Shawn J. Lindquist (officer ) sold 55,148 shares at $13.93 per share price.

Vivint Solar Inc. is a provider of distributed solar energy which is electricity generated by a solar energy system installed at customers’ locations. Through its investment funds the Company owns an interest in the solar energy systems it installs and ownership of the solar energy systems allows it and the other fund investors to benefit from various local state and federal incentives. The Company obtains financing based on these cash flows and incentives. When customers decide to move or sell the home prior to the end of their contract term the customer contracts allow its customers to transfer their obligations to the new home buyer. The Company offers consultation design and engineering process installation and ongoing monitoring and services.

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