Tag Archives: vslr

SunEdison, Yieldcos Spike On Slashed Vivint Solar Bid

Bowing to heightened pressure from hedge fund Appaloosa Management, SunEdison (SUNE) cut its bid on Vivint Solar (VSLR) by $2 per share Wednesday, reflecting Vivint Solar’s 23% depression on Wall Street since the original $2.2 billion offer was announced in July. The bid reduction was announced in conjunction with a $250 million loan from Blackstone Group, prompting solar stocks to light up Wednesday on Wall Street. In midday trading on the stock

Sunrun IPO Fails To Light Up Residential Solar Market

Solar installation company Sunrun (RUN) fell sharply in its market debut Wednesday after pricing its initial public offering at 14, the midpoint of its estimated range. Sunrun stock opened near 13 then fell further. The stock was down 14.4% to 11.98 in late morning trading on the stock market today. Sunrun raised $251 million with its late Tuesday IPO. San Francisco-based Sunrun follows the October 2014 IPO of competitor Vivint Solar (VSLR), which

SunEdison Will Buy Vivint Solar, Eyes Alt-Energy Crown

SunEdison (SUNE) announced Monday that it will acquire No. 2 residential installer Vivint Solar (VSLR) for about $2.2 billion in cash, stock and notes, the latest of several multibillion-dollar deals that are part of its aggressive strategy to become one of the world’s top alternative energy players. In residential installation, Vivint Solar trails only SolarCity (SCTY), whose chairman is Tesla Motors (TSLA) CEO Elon Musk. In January, Maryland