Today’s Stock On Watch: A Reversal for Vivint Solar Incorporated (NYSE:VSLR) Is Not Near. The Stock Has Rise in Shorts

November 21, 2016 - By Pete Kolinski   ·   0 Comments

Today's Stock On Watch: A Reversal for Vivint Solar Incorporated (NYSE:VSLR) Is Not Near. The Stock Has Rise in Shorts

The stock of Vivint Solar Incorporated (NYSE:VSLR) registered an increase of 6.14% in short interest. VSLR’s total short interest was 10.63M shares in November as published by FINRA. Its up 6.14% from 10.01M shares, reported previously. With 568,400 shares average volume, it will take short sellers 19 days to cover their VSLR’s short positions. The short interest to Vivint Solar Incorporated’s float is 47.76%. The stock closed at $2.75 during the last session. It is down 8.64% since April 19, 2016 and is downtrending. It has underperformed by 12.50% the S&P500.

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 clients based on over 20-year contracts. The company has a market cap of $302.83 million. The Firm operates through two operating divisions: Residential, and commercial and industrial market . It currently has negative earnings. Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.55, from 0.83 in 2016Q1. The ratio is positive, as 23 funds sold all Vivint Solar Inc shares owned while 19 reduced positions. 15 funds bought stakes while 20 increased positions. They now own 99.30 million shares or 3.88% more from 95.59 million shares in 2016Q1.
Nationwide Fund Advsrs has 14,165 shares for 0% of their US portfolio. Vanguard accumulated 1.55M shares or 0% of the stock. Bnp Paribas Arbitrage has 893 shares for 0% of their US portfolio. The New York-based Ny State Common Retirement Fund has invested 0% in Vivint Solar Inc (NYSE:VSLR). Moreover, Point72 Asset Mgmt Limited Partnership has 0.01% invested in Vivint Solar Inc (NYSE:VSLR) for 336,700 shares. California Pub Employees Retirement System reported 23,700 shares or 0% of all its holdings. Deutsche Savings Bank Ag holds 0% of its portfolio in Vivint Solar Inc (NYSE:VSLR) for 3,474 shares. Neuberger Berman Grp Inc Lc accumulated 0% or 14,500 shares. Guggenheim Capital Limited Liability Corp has invested 0.02% of its portfolio in Vivint Solar Inc (NYSE:VSLR). Susquehanna International Grp Incorporated Limited Liability Partnership, a Pennsylvania-based fund reported 16,581 shares. The Massachusetts-based State Street has invested 0% in Vivint Solar Inc (NYSE:VSLR). The New York-based National Bank & Trust Of New York Mellon has invested 0% in Vivint Solar Inc (NYSE:VSLR). Moreover, Barclays Public Ltd has 0% invested in Vivint Solar Inc (NYSE:VSLR) for 75 shares. Moreover, Blackstone Grp Inc L P has 1.17% invested in Vivint Solar Inc (NYSE:VSLR) for 82.36 million shares. Moreover, Bancorp Of America Corp De has 0% invested in Vivint Solar Inc (NYSE:VSLR) for 7,619 shares.

Vivint Solar Inc (NYSE:VSLR) Ratings Coverage

Out of 7 analysts covering Vivint Solar (NYSE:VSLR), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Vivint Solar has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Vivint Solar Inc (NYSE:VSLR) earned “Mkt Perform” rating by JMP Securities on Thursday, September 8. The rating was maintained by Goldman Sachs with “Sell” on Thursday, March 17. The stock of Vivint Solar Inc (NYSE:VSLR) earned “Underperform” rating by Bank of America on Wednesday, April 20. The firm earned “Outperform” rating on Tuesday, August 9 by Oppenheimer. The firm earned “Buy” rating on Friday, May 27 by Deutsche Bank. Credit Suisse maintained the stock with “Neutral” rating in Thursday, March 17 report. The rating was reinitiated by Credit Suisse on Thursday, November 3 with “Neutral”. Oppenheimer initiated Vivint Solar Inc (NYSE:VSLR) on Tuesday, June 21 with “Perform” rating. The firm earned “Market Perform” rating on Tuesday, July 21 by Northland Capital. Goldman Sachs upgraded the shares of VSLR in a report on Friday, October 7 to “Neutral” rating.

VSLR Company Profile

Vivint Solar, Inc., incorporated on August 12, 2011, primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential clients based on over 20-year contracts. The Firm operates through two operating divisions: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives.

More notable recent Vivint Solar Inc (NYSE:VSLR) news were published by: Fool.com which released: “Can Vivint Solar Inc. Recover From a Devastating 2015?” on March 16, 2016, also Fool.com with their article: “Finally Free: Can Vivint Solar Inc Stand on Its Own?” published on March 30, 2016, Fool.com published: “Forget Vivint Solar, Inc. — These 2 Stocks Are Better Buys” on March 28, 2016. More interesting news about Vivint Solar Inc (NYSE:VSLR) were released by: Fool.com and their article: “Why Vivint Solar Inc.’s Shares Popped 39% on Friday” published on May 27, 2016 as well as Fool.com‘s news article titled: “How Vivint Solar Can Turn Its Business Around” with publication date: October 25, 2016.

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By Pete Kolinski


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