Vivint Solar (VSLR) Tops Q2 EPS by 4c, Revenues Beat

Vivint Solar (NYSE: VSLR) reported Q2 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $106.4 million versus the consensus estimate of $83.11 million.

Second Quarter 2020 Operating Highlights

Key operating and development highlights include:

• MWs Installed of approximately 44 MWs for the quarter. This is above the high end of the company's guidance of 35 to 38 MWs for the quarter. Total cumulative MWs installed were approximately 1,394 MWs.
• Installations were 6,735 for the quarter. Cumulative installations were 203,264.
• Estimated Gross Retained Value increased by approximately $85 million during the quarter to approximately $2.5 billion. Estimated Gross Retained Value per Watt at quarter end was $1.98.
• Cost per Watt was $3.87, an increase from $3.80 in the first quarter of 2020 and an increase from $3.56 in the second quarter of 2019.
• Margin created was $37 million. Unlevered NPV per Watt was $0.84.

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

You May Also Be Interested In

• CalPrivate Bank names Andra Frazier as chief credit officer
• XP Inc. (XP) Tops Q2 EPS by 8c
• Fabrinet (FN) Tops Q4 EPS by 29c, Beats on Revenue; Offers Guidance