Vivint Solar (VSLR) Misses Q4 EPS by 85c, Revenues Miss

Vivint Solar (NYSE: VSLR) reported Q4 EPS of ($1.02), $0.85 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $77.1 million versus the consensus estimate of $88.15 million.

Key operating and development highlights include:

• MW Installed of approximately 66 MWs for the quarter, up 22% over fourth quarter 2018. Total cumulative MWs installed were approximately 1,294 MWs.
• Installations were 9,558 for the quarter, up 24% over fourth quarter 2018. Cumulative installations were 188,291.
• Revenue was $77 million, up 21% over fourth quarter 2018.
• Estimated Gross Retained Value increased by approximately $98 million during the quarter to approximately $2.3 billion. Estimated Gross Retained Value per Watt at quarter end was $1.98.
• Cost per Watt was $3.54.
• On an adjusted basis, margin created was $62 million, up 10% over fourth quarter 2018. Unlevered NPV per Watt was $0.94.1

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

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