What to Expect From Vivint Solar Earnings

Energy

Published: March 4, 2015 2:14 pm

Last Updated: April 28, 2020 9:58 am

Vivint Solar Inc. (NASDAQ: VSLR) is set to report its fourth-quarter financial results after the markets close on Wednesday. Thomson Reuters has consensus estimates of for a net loss of $0.37 per share and $6.01 million in revenue.

The stock only had its initial public offering (IPO) in early October, entering the market at $17.01. Since that time Vivint has been on the steady decline, excluding a brief post IPO bump. This was reflected in the 50-day moving average (MA) which has consistently acted as an overhang, having only been tested at the beginning of February and at current prices now.

Recently Vivint announced that it had expanded its residential operations to Utah, offering residential solar leases to homeowners in the state. As a result, homeowners have the option to lock in a fixed monthly lease payment which will pay for the system. The electricity generated from this system will provide Utah homeowners with electricity costs typically below the prevailing utility rates.

In late February, what can only be called a surprise move took place when SunPower Corp. (NASDAQ: SPWR) and First Solar Inc. (NASDAQ: FSLR) announced that they are joining forces to create a yieldco from assets currently included in the separate portfolios of each company. On that day shares of Vivint initially jumped 2.6% at the news.

Shares of Vivint were up about 3% at $8.36 in the hours before earnings will be reported. The stock has a consensus analyst price target of $19.80 and a post-IPO trading range of $7.42 to $18.71.

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