Vivint Solar (VSLR) Misses Q1 EPS, Revenues Beat

Vivint Solar (NYSE: VSLR) reported Q1 EPS of ($0.74), versus the analyst estimate of $0.05. Revenue for the quarter came in at $69.4 million versus the consensus estimate of $67.27 million.

• MW Installed of approximately 46 MWs for the quarter. Total cumulative MWs installed were approximately 1,107 MWs.
• Installations were 6,514 for the quarter. Cumulative installations were 161,112.
• Estimated Gross Retained Value increased by approximately $54 million during the quarter and is approximately $2.1 billion. Estimated Gross Retained Value per Watt at quarter end was $2.04.
• Cost per Watt was $3.46, an increase from $3.18 in the fourth quarter of 2018 and an increase from $3.22 in the first quarter of 2018.
• Margin created was $45 million, a 29% increase from the first quarter of 2018. Unlevered NPV per Watt was $0.99.

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

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