|Bid||4.70 x 3200|
|Ask||5.11 x 1100|
|Day's Range||4.6500 - 4.9890|
|52 Week Range||2.8500 - 7.4400|
|Beta (3Y Monthly)||-0.14|
|PE Ratio (TTM)||3.19|
|Earnings Date||Mar 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.54|
LEHI, Utah , Feb. 7, 2019 /PRNewswire/ -- Vivint Solar , Inc. (NYSE: VSLR) announced today that it plans to report financial results for the fourth quarter 2018 after the U.S. financial markets close ...
There's no question 2018 wasn't a great year for solar stocks. In fact, the Invesco Solar ETF (NYSEARCA:TAN) declined 26.2% last year. However, Goldman Sachs analyst Brian Lee recently said that the sun will come out again for solar stocks in 2019. After a cyclical downturn in 2018, Lee said solar demand is improving and prices are stabilizing. He also said China will turn from an albatross to a positive catalyst assuming a trade deal with the U.S. is completed at some point this year. * 7 S&P 500 Stocks to Buy That Tore Up Earnings The good news for solar stocks that endured a rough year is that Goldman expects some of the biggest 2018 laggards to be the best leaders in 2019. Here's a look at Goldman's top three solar stocks for 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: U.S. Department of the Interior via Flickr ### Best Solar Stocks: First Solar First Solar (NASDAQ:FSLR) stock dropped 37.1% in 2018, enough to make the stock an attractive risk-reward play for investors this year. FSLR stock has major exposure to utility-scale solar demand, which Goldman is projecting will hit a positive inflection point in the next 12 months. Goldman projects U.S. utility-scale demand will double the growth rate of residential demand in the next two years. Consensus 2019 EPS estimates have also fallen from around $3.25 a year ago to only $2.59 today, which has set a low bar for the company to clear. Even if First Solar doesn't beat low EPS expectations, $2.59 in EPS means FSLR stock is trading at a reasonable 19.3x forward P/E. Given its massive cash balance, FSLR stock has limited additional downside from here. By the end of the year, Goldman projects FSLR stock will have about 40% of its current market cap in cash alone. That cash balance makes FSLR stock a relatively safe bet for long-term investors. Source: Shutterstock ### Best Solar Stocks: Canadian Solar Goldman is projecting about 10% EPS upside to consensus estimates for Canadian Solar (NASDAQ:CSIQ) stock this year. About 55% of Canadian Solar's 2019 revenue will come from module manufacturing. That exposure allows Canadian Solar to take advantage of the same boom in U.S. utility-scale solar demand as First Solar. Goldman is projecting utility-scale solar demand will grow by 41% annually through 2020. As recently as 2017, 26% of CSIQ's revenue came from China. Therefore, an improving Chinese policy environment would also provide a big boost. While investors wait for market improvements, Lee said the company has one of the best cost structures in the group. He projects cost-per-watt will continue to drop by a double-digit percentage in 2019. * 3 Stocks to Buy as They Bottom From a valuation perspective, CSIQ stock looks like the best opportunity to me. According to Yahoo, CSIQ's P/E and forward P/E ratios are both in the single digits. ### Best Solar Stocks: Vivint Solar Unlike the other two energy stocks on this list, Vivint Solar (NYSE:VSLR) stock is a play on the residential solar market. Goldman is expecting double-digit revenue growth from Vivint in 2019. Lee says the company could gain residential market share from its competitors. Although the residential market is not expected to be as strong as the utility market this year, Vivint could get a boost from a new California law passed in 2018 mandating that most new homes built in the state starting in 2020 be solar powered. If other states in the Southwest follow California's lead, it could create even more momentum for U.S. residential demand. Goldman is projecting 14% volume growth for Vivint this year. That growth rate is lower than the 40% growth it is projecting for FSLR and the 17% growth projected for CSIQ. Given the unpredictability of the U.S. residential solar business and Vivint's extremely high long-term debt-to-equity ratio of 3.79, VSLR stock looks like the biggest gamble of the three. VSLR stock has more than 60% upside based on Goldman's $6.50 price target. It also could be a major risk if market conditions deteriorate. As of this writing, Wayne Duggan held no positions in the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 of the Best Stocks to Buy for a Dovish Federal Reserve * 5 Best Fidelity ETFs for Retirement Savers * 7 Blue-Chip Stocks That Could Lead the Market Higher Compare Brokers The post 3 Best Solar Stocks To Buy -- According to Goldman Sachs appeared first on InvestorPlace.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Vivint Solar, Inc.'s (NYSE:VSLR) P/E ratio and reflect Read More...
The sun may be rising on solar stocks in 2019, but according to one Wall Street analyst several popular solar stocks may be left in the shade this year. The Analyst Goldman Sachs analyst Brian Lee made ...
LEHI, Utah, Dec. 19, 2018 /PRNewswire/ -- Vivint Solar, Inc. (VSLR), a leading full-service residential solar provider, today released new findings from its 2018 Environmental Consumer Survey exploring the environmentally conscious — or "green" — behaviors and mindsets of California residents. "Californians care deeply about doing their part to protect the environment," said Vivint Solar CEO David Bywater. "Look no further than their commitment to clean, renewable energy — California leads the country in solar adoption and was the first state to mandate solar panels on new homes.
David Bywater has been the CEO of Vivint Solar Inc (NYSE:VSLR) since 2016. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of Read More...
LEHI, Utah, Dec. 3, 2018 /PRNewswire/ -- Vivint Solar, Inc. (VSLR), a leading full-service residential solar provider, today announced it has been named a silver winner in three Best in Biz Awards categories: Sales Executive of the Year, Sales Department of the Year and Sales Marketing Department of the Year. Sales Executive of the Year (Silver) – Vivint Solar Chief Sales Officer Chance Allred was honored for his leadership in building a world-class sales team that helps homeowners across the country embrace clean, renewable energy. Sales Department of the Year (Silver) – Vivint Solar was honored for its direct-to-consumer sales operations and inside sales and dealer program, which have contributed to the company's market position as a nationwide residential solar leader.
Global demand for clean energy is on the rise, and solar power is already becoming a bigger portion of the mix. Whether you're looking for growth, value, or dividends, solar stocks have something to offer.
Shares of Vivint Solar Inc. tumbled 16% in premarket trade Friday, after residential solar company said the share offering by its principal stockholder priced at a deep discount. The company said late Thursday that 313 Acquisition LLC offered 8 million shares to the public, which would represent about 6.7% of the shares outstanding. The offering was priced at $5.50, or 21.4% below Thursday's closing price of $7.00. 313 Acquisition has also granted the underwriters of the offering options to buy an additional 1.2 million shares at the offering price. Vivint Solar will not receive any proceeds from the offering. The stock had run up 44.3% over the past month through Thursday, and closed Wednesday at the highest level since February 2016. It has soared 73% year to date through Thursday, while the S&P 500 has gained 2.4%.
NEW YORK, Nov. 30, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
313 Acquisition LLC, Vivint Solar, Inc.'s principal stockholder, is offering all of the shares to be sold in the public offering. In addition, 313 Acquisition LLC has granted the underwriters a 30-day option to purchase up to an aggregate of an additional 1,200,000 shares at the public offering price. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
LEHI, Utah, Nov. 29, 2018 /PRNewswire/ -- Vivint Solar, Inc. (VSLR) announced today that 313 Acquisition LLC, its principal stockholder, intends to offer and sell 8,000,000 shares of its common stock in an underwritten public offering. In connection with this offering, the selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. Vivint Solar, Inc. will not receive any proceeds from the sale of shares by the selling stockholder. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Here are three solar stocks to watch for potential upside, and a recreational-vehicle stock that could decline. JinkoSolar Holding Co. Ltd. (JKS) rallied 82 cents to $11.47 on 1.9 million shares traded Tuesday, more than double its average volume. Monday’s move broke the stock out above short-term lateral resistance and the 50-day moving average.
Accumulation is close to an all-time high, signaling strong speculative interest. A cup and handle breakout would yield an impressive measured move target near $9.50, which is close to a 2015 breakdown into single digits.