Vivint Solar (VSLR) Misses Q2 Views

Vivint Solar (NYSE: VSLR) reported Q2 EPS of ($0.50), which may not compare to the analyst estimate of $0.09. Revenue for the quarter came in at $80.8 million versus the consensus estimate of $89.47 million.

• MWs Booked of approximately 64 MWs for the quarter.
• MWs Installed of approximately 47 MWs for the quarter. Total cumulative MWs installed were approximately 952 MWs.
• Installations were 6,678 for the quarter. Cumulative installations were 139,321.
• Estimated Retained Value increased by approximately $112 million during the quarter to approximately $1.8 billion. Estimated Retained Value per Watt at quarter end was $2.06.
• Cost per Watt was $3.11, a decrease from $3.15 in the first quarter of 2018 and an increase from $2.88 in the second quarter of 2017.

GUIDANCE:

For the third quarter of 2018, Vivint Solar expects:

• MW Installed: 51 to 54 MWs
• Cost per Watt: $3.15 - $3.23

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

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