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A Glimpse at Vivint Solar’s Aggressive Expansion

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Global solar power industry

In February 2015, Market Realist published a comprehensive overview of the global solar power industry. We looked at the history of solar power (TAN), its applications, and a comprehensive overview of the industry.

We also looked at key markets and the potential for solar energy in the coming decades, as forecasted by reputed sources like the IEA (International Energy Agency) and the European Photovoltaics Industry Association.

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A brief history of Vivint Solar

Vivint Solar was launched by Vivint Inc. in 2011 to replicate its direct-to-home selling business model in the residential solar market. On November 16, 2012, Blackstone Group and several co-investors acquired a 100% stake of Vivint Solar.

Vivint Solar has witnessed rapid growth since inception with installed capacity reaching 129.7 megawatts as of June 30, 2014. The company went public on October 1, 2014. In a move to diversify its business, Vivint Solar announced the launch of its Commercial and Industrial segment business on June 3, 2015.

SunEdison proposed to acquire Vivint Solar in a $2.2 billion deal on June 30, 2015. However, Vivint Solar terminated the agreement and sued SunEdison for not closing the deal according to the contract deadline. As of December 31, 2015, the company’s aggregate installed capacity reached 458.9 megawatts. On March 22, 2016, Vivint Solar secured $200 million in funding for its future residential solar projects.

Series overview

In this series, we’ll provide a comprehensive description of Vivint Solar’s (VSLR) business model. Then we’ll analyze how company expanded its business, its key operational metrics, and financial position, which are important for investors to know. This series will help investors to understand key aspects that set Vivint Solar apart from its key competitors Sunrun (RUN), SolarCity (SCTY), and SunPower Corporation (SPWR).

This series will help investors to understand key aspects that set Vivint Solar apart from its key competitors Sunrun (RUN), SolarCity (SCTY), and SunPower Corporation (SPWR).

Toward the end of the series, we’ll discuss the outlook for Vivint Solar and find out how the company’s current valuation looks, as well as what factors could drive its valuation multiples in the future.

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