Categories Earnings, Energy

Earnings: Vivint Solar loses heat in Q4

Shares of Vivint Solar (VSLR) tumbled over 8% during pre-market trading on Wednesday, a day after reporting widened losses and weaker-than-expected fourth quarter revenue. The stock slide is a follow-up to yesterday’s after-market decline of about 10%.

Even as the street was expecting a profit in Q4, the Lehi, Utah-based firm said its losses widened to 73 cents per share from 43 cents per share a year ago. Revenue was down 5% to $63.5 million, missing the average analysts’ consensus of $71.74 million.

Vivint Solar Q4 2018 earnings

Estimated Gross Retained Value per Watt at quarter end was $2.06, in line with the third quarter. This is one of the key metrics tracked by the street as an increase in installations would result in more value created per watt, which would improve the top line.

Vivint installed approximately 54 MWs during the quarter, in line with the management projection. For the full year 2019, the company expects 15% growth for MWs installed.

The company also provided guidance for the first quarter of 2019. Vivint said it expects Cost per Watt in the range of $3.45 – $3.52 and plans to install 43 – 45 MWs during this period.

FULL Q4 EARNINGS CONFERENCE CALL TRANSCRIPT – VIVINT SOLAR

VSLR shares have gained 75% in the past 52 weeks as investors expect the solar market to pick up this year.

The stock has been volatile throughout 2018 as the industry was impacted by the trade war between the US and China, resulting in lower demand for solar panels. Margins of other solar panel manufacturers like First Solar (FSLR), JinkoSolar (JKS), SunPower (SPWR) and Canadian Solar (CSIQ) were also hurt by dwindling panel prices due to lower demand.

 

Earnings Transcript: Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Shopify (SHOP): This recession-proof stock looks unstoppable. Here’s why

The virus-related movement restrictions have had a complementary effect on the business of Shopify Inc. (NYSE: SHOP), which was already thriving on the widespread cloud adoption and digital shift. The

IPO: Here are the things to know about Fresh Grapes’ market debut

There has been a spurt in the number of food and beverages companies going public lately, but many of them failed to perform as expected in the stock market. Fresh

Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?

For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top