- Vivint Solar (VSLR +8.1%) surges higher after Q4 results include a smaller than expected loss for the third straight quarter and a ~160% Y/Y revenue increase.
- VSLR says it installed 47 MW during Q4, its lowest level since Q1 2015, and forecasts 43-46 MW in installations for Q1 2017, but 57 MW booked during Q4 means its backlog is growing, and the company expects installations to increase during the summer months.
- VSLR lowered its installed cost per watt during Q4 to $3.08, and expects to bring costs per watt down to $2.95-$3.05 during Q1.
- For FY 2017, VSLR expects 210-230 MW installations at a cost per watt of $2.82-$2.94.