What You Need to Know About Sunrun's Acquisition of Vivint Solar
Sunrun (NASDAQ: RUN) made a huge move in residential solar last night, agreeing to buy Vivint Solar (NYSE: VSLR), the No. 2 company in the U.S. by market share. The deal will get Vivint Solar shareholders 0.55 shares of Sunrun for each Vivint Solar share. The news sent shares of both companies sharply higher.
The deal is surprising given that it effectively creates a monopoly in the U.S. residential solar market. It also shifts Sunrun's business almost completely to a self-installation focus. That's a big change for a company that once considered itself more of a software solutions company than an installer of solar panels.
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Source Fool.com
