Vivint Solar (VSLR) Tops Q4 EPS by 21c

Vivint Solar (NYSE: VSLR) reported Q4 EPS of ($0.50), $0.21 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $16.02 million versus the consensus estimate of $19.28 million.

Key operating and development highlights for the quarter ended December 31, 2015 include:

• MW Booked of approximately 80 MWs for the quarter, up approximately 56% year-over-year.
• MW Installed of approximately 59 MWs, up 17% year-over-year. Total cumulative MWs installed were approximately 459 MWs as of December 31, 2015.
• Installations were 8,411 for the quarter, up 23% year-over-year. Cumulative installations were 68,527 as of December 31, 2015.
• Estimated Nominal Contracted Payments Remaining increased by approximately $215 million during the quarter and was approximately $1,872 million, up 82% year-over-year.
• Estimated Retained Value increased by approximately $113 million during the quarter to approximately $906 million, up 88% year-over-year.
• Estimated Retained Value per Watt was $1.98.
• Cost per Watt was $3.12, flat from the third quarter of 2015 and up from $2.96 in the fourth quarter of 2014.

For earnings history and earnings-related data on Vivint Solar (VSLR) click here.

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