Technology Stocks to Watch: Cognex Corporation (CGNX), Vivint Solar Inc (VSLR)

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Vivint Solar Inc (NYSE:VSLR):

The company’s RSI reading has hit 25.75. The stock edged lower by -6.76% to close previous trading session at USD 2.76.

The shares of the company fluctuated in the range of USD 2.92 and USD 16.00 in the course of 52 weeks. Over the three months, the company’s shares have declined by -71.66% and in the past one year, it has lost -77.04%. Additionally, the stock’s year to date performance has declined -71.13%. Over the last five days its shares have declined by -20.23% and in the past six months it has moved down -77.27%.

Further, the company is trading at a price to earnings ratio of 23.00 and the stock is at a price to book ratio of 0.57. The stock’s weekly volatility is calculated as 10.50% and monthly volatility as 11.79% with ATR of 0.51, price to cash ratio of 3.19.

On March 22, 2016, Vivint Solar Inc (VSLR) a leading provider of distributed solar energy systems in the United States, closed a $200 million term facility on Monday, March 14.

The non-recourse facility is secured by the cash flows available to Vivint Solar from its high-quality portfolio of installed residential solar systems supported by long-term customer contracts. Utilizing a flexible structure that provides an attractive advance rate while allowing Vivint Solar to continue to access the senior term debt market as it has done in the past, this financing will allow Vivint Solar to fund additional customer installations and provides partial credit for SREC revenues, enabling a faster return of working capital to support the growth of Vivint Solar’s portfolio. The facility has minimal near-term amortization requirements and allows Vivint Solar to utilize a portion of the cash flows generated by the operating portfolio, under certain conditions and at predetermined improved leverage levels, to fund additional business programs.

The financing is accessible in two tranches, an initial, shorter-term tranche of $75 million priced at LIBOR plus 5.5%, and a second tranche of $125 million that can be drawn over time to fund future growth. If Vivint Solar elects to draw on the second tranche, pricing will increase to LIBOR plus 8.0% and the term will extend to 4 years on the entire $200 million facility.

Cognex Corporation (NASDAQ:CGNX):

The stock decreased by -5.22% to close last trading session at USD 37.42. The company’s shares oscillated in the range of USD 36.55 and USD 38.01 during intraday trade.

A total of 1.00 million shares exchanged hands, above its 3 month average volume of 498,431.00 shares. Over the last five days its shares have declined by -5.65% and in the past six months it has moved up 7.90%.

Furthermore, the stock has weekly volatility of 3.03% and monthly volatility of 2.93% with ATR of 1.20. The stock’s RSI is 46.27 and distance from 50-day simple moving average is +6.85%, whereas its distance from 20-day simple moving average is -4.77% and distance from 200-day simple moving average is -0.51%.

Cognex Corporation (CGNX) on March 23, 2016 said it will release earnings for the first quarter of 2016 on Monday, May 2, 2016, after the market closes, and will host a conference call that same day at 5:00 p.m. Eastern Time (ET). The earnings release and conference call are planned to coincide with the company’s predictable filing of its Form 10-Q for the quarter ending April 3, 2016.