Tag Archives: vslr

SolarCity Faces Mounting Competition With Vivint IPO

SolarCity, the No. 1 residential solar installer, saw competition heat up with Wednesday’s stock market debut of a top rival. Vivint Solar (VSLR) priced at 16 late Tuesday — the low end of its anticipated range — and closed its first trading day a penny higher. It raised $330 million and has a market value near $1.7 billion, vs. SolarCity’s (SCTY) $5.25 billion. SolarCity, whose chairman is Tesla Motors (TSLA) CEO Elon Musk, and Blackstone Group

Vivint Solar IPO Ups Rivalry Among Solar Installers

Vivint Solar (VSLR) stock began trading Wednesday, creating a second major publicly traded residential solar installer stock for investors to consider in a market that has grown 60% in two years. Vivint Solar stock began trading at 17.24 on the New York Stock Exchange, after pricing late Tuesday at 16, the low end of its expected range. The Lehi, Utah-based residential solar installer, a subsidiary of home automation/security company Vivint,

Solar Power, Biotechs Among 11 IPOs Planned This Week

The IPO market is maintaining a brisk pace with 11 scheduled this week, including a solar power company, three tech firms and three biotech companies. Vivint Solar (VSLR), a competitor to the Elon Musk-backed SolarCity (SCTY), plans to raise $350 million by selling 20.6 million shares at a price range of 16-18. Vivint provides residential solar energy systems. Similar to SolarCity, Vivint assumes most of the cost of installing solar energy systems