Vivint Solar, Inc. (NYSE: VSLR) reported a fourth-quarter net loss of $0.36 per share Wednesday after the markets closed. The solar installer also reported $6.86 million in revenue compared to Thomson Reuters consensus estimates for a net loss of $0.37 per share and $6.01 million in revenue.

The solar power company gave guidance for the first quarter of 2015. Vivint expects 40 to 42 Megawatts (MW) installed, total revenue in the range of $8 million to $8.5 million, and total operational expenses in the range of $47 million to $50 million. The consensus estimates for the first quarter call for a net loss of $0.45 per share and $8.73 million in revenue.

Operationally, Vivint booked approximately 52 MW’s for the fourth quarter, up approximately 150% compared with the same period last year. Roughly 50 MW’s were installed in the quarter, up 191%. Installations numbered 6,864 for the quarter, up 135%. Total cumulative MWs installed reached approximately 228 MWs as of the end of December 2014.

Cash and cash equivalents at the end of December 2014 totaled $261.6 million.

Vivint secured some financing for its operations going forward which it described as:

On March 3, 2015, Vivint Solar entered into a working capital facility with a capacity of $131 million. In addition, during the quarter and subsequent to quarter end, the company closed two new tax equity partnerships with existing tax equity partners. In total, we estimate the two funds will enable us to install approximately 66 MWs of solar energy systems.

Wednesday shares of Vivint closed up 4.8% at $8.53. Following the release of the earnings report, shares were initially up 0.8% at $8.60 in the after-hours. The stock has a consensus analyst price target of $19.80 and a post-IPO trading range of $7.42 to $18.71.

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