Vivint Solar Inc. (VSLR) shares are trading at higher $30.21 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $20.38.
To add more color to this target, the company’s high over the last year is $32.25 and the low is $3.17. Over the last 52 weeks, VSLR is up 324.30% while the S&P 500 is up 13.97%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, VSLR reported a profit of $46.44 million. Vivint Solar Inc. also saw revenues increase to $106.39 million. In addition, VSLR has free cash flow of -$153.69 million as of 06-2020. The company’s EBITDA came in at $0.42 million which compares well with its peers.
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VSLR booked profit margins of -23.50%, its Return on Equity (ROE) is -52.50%, and its Return on Assets is -3.10%. All told, it is clear that, VSLR needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VSLR has a short ratio of 3.20 and outstanding shares of 124.84M.
VSLR has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.76. Vivint Solar Inc. VSLR also noted assets of $3.11 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VSLR has historically followed its peers on positive news.
All told, Vivint Solar Inc. VSLR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VSLR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Vivint Solar Inc. VSLR is now commanding a market cap of 3.95B and a float of 120.78M. VSLR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VSLR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in VSLR, either long or short, and we have not been compensated for this article.