Orders are rising again in the U.S. solar market, but “the rate of that recovery is questionable,” says SolarEdge CEO Zvi Lando. Residential solar inverter rivals SolarEdge and Enphase faced the same headwinds from the COVID-19 pandemic in the second quarter, with both companies reporting a downturn in Q2 revenue. However, both companies also laid out […]
Solar energy company Sunrun to buy peer Vivint Solar for about $1.46 bln
Vivint Solar shareholders will receive 0.55 shares of Sunrun for each share held, the companies said in a statement, representing a premium of 10.4 per cent to Vivint’s Monday close U.S. residential solar installer Sunrun Inc said on Monday it will buy peer Vivint Solar for about $1.46 billion in an all-stock deal. Vivint Solar […]
Vivint Solar Announces Launch of Solar + Storage Power Purchase Agreement (PPA) in California
LEHI, Utah : Vivint Solar (NYSE: VSLR)–Vivint Solar, a leading full-service residential solar provider in the United States, wants homeowners to have the power to choose the kind of experience they get from their energy provider, and is now launching a new power purchase agreement (PPA) option that includes one simple rate for both solar […]
Rosen, a Leading Law Firm, Announces Filing of Securities Class Action Lawsuit Against Vivint Solar, Inc. – VSLR
NEW YORK : Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Vivint Solar, Inc. (NYSE: VSLR) from March 5, 2019 through September 26, 2019, inclusive (the “Class Period). The lawsuit seeks to recover damages for Vivint investors under […]
Vivint Solar Reports Second Quarter 2019 Results
LEHI, Utah : Vivint Solar, Inc. (NYSE: VSLR), today announced financial results for the second quarter ended June 30, 2019. Second Quarter 2019 Operating Highlights Key operating and development highlights include: MW Installed of approximately 56 MWs for the quarter. Total cumulative MWs installed were approximately 1,163 MWs. Installations were 8,163 for the quarter. Cumulative […]
Vivint Solar Secures New $325 Million Credit Facility Lowering Cost of Debt
Leading full service residential solar provider announces lender commitment to warehouse debt facility to fund continued growth LEHI : Vivint Solar, Inc. (NYSE: VSLR) today announced it has closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020. The new warehouse reduces the cost of […]
Vivint Solar Closes $360 Million Forward Flow Financing Arrangement
LEHI, Utah: Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it closed a multi-party forward flow funding arrangement that includes project-level debt, a levered tax equity partnership, and a cash equity investment. The transaction provides up to $360 million in total funding commitments. It is structured to generate upfront cash […]
Vivint Solar Closes $360 Million Forward Flow Financing Arrangement
LEHI, Utah: Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it closed a multi-party forward flow funding arrangement that includes project-level debt, a levered tax equity partnership, and a cash equity investment. The transaction provides up to $360 million in total funding commitments. It is structured to generate upfront cash margin for the company for […]
Vivint Solar Reports First Quarter 2019 Results
LEHI, Utah: Vivint Solar, Inc. (NYSE: VSLR), today announced financial results for the first quarter ended March 31, 2019. First Quarter 2019 Operating Highlights Key operating and development highlights include: MW Installed of approximately 46 MWs for the quarter. Total cumulative MWs installed were approximately 1,107 MWs. Installations were 6,514 for the quarter. Cumulative installations were 161,112. Estimated […]