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27:
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starting in 2016, the PPA model was losing favor with consumers who increasingly preferred to buy solar power systems outright. Starting in late 2016, Vivint Solar started offering loans and cash sales, leading to 84% year-over-year growth in revenue. Also in 2016, Vivint Solar introduced a new CEO, David
Bywater.
288:
acquired a controlling interest in Vivint, Vivint Solar, and 2GIG Technologies for in excess of $ 2 billion. After the
Blackstone acquisition, the solar division became a stand alone company and grew to become the second largest residential solar installer in the United States in 2013, mostly through
308:
Vivint Solar struggled after the failed merger attempt with investors noting that while the company had greater access to capital, installation of home solar panels fell substantially with a drop of 21% from late 2015 to late 2016. Also contributing to Vivint's financial troubles was the fact that
323:
filed a lawsuit against Vivint Solar, Inc. saying it was engaging in unfair and unconscionable business practices including clouding titles to consumers’ homes, fraud and racketeering. Later in 2018, Vivint counter-sued the New Mexico
Attorney General.
331:
announced that it would acquire Vivint Solar for $ 3.2 billion. By early
October 2020, the acquisition was completed following the approval by regulators and stockholders of both companies, creating a valuation of approximately $ 22 billion.
289:
door-to-door sales. In
October 2014, Vivint Solar went public on the New York Stock Exchange. A class-action lawsuit was filed against Vivint in December 2014, with allegations that the company misled investors in their
304:
announced plans to buy Vivint Solar for US$ 2.2 billion, but the deal fell through by March 2016 with Vivint Solar suing for a "willful breach" of the planned merger. Shortly after, SunEdison entered bankruptcy.
174:(PPA) business model where Vivint Solar installed and maintained a solar system on a customer's home, then sold power to the customer at an agreed upon rate for a set term. In 2020, the company was purchased by
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Energy to offer home storage batteries. The partnership was announced less than a year later, with LG Chem becoming the company's battery provider.
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by omitting data that showed the company's PPA model was falling out of favor with consumers. Vivint contended that the lawsuit lacked
1001:
281:. The company marketed solar as part of its Smart Home product, with customers able to track energy consumption to save electricity.
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521:
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162:, primarily for residential customers. The company was established in 2011 as an offshoot of home automation and security company
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Vivint Solar was founded in
October 2011 as the solar division of the home automation and security company
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409:"Vivint Solar Reaches 1 Gigawatt Of Rooftop Solar Amidst Strong Q3 & California Expansion"
312:
The company entered the home energy storage market in 2017, announcing a partnership with
8:
159:
146:
380:
178:, another solar company primarily focused on the PPA business model for $ 3.2 billion.
56:
522:"Smart-home innovator Vivint announces new AI assistant and unique Airbnb partnership"
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632:"Elon Musk plans crazy 2017 for Tesla, but SolarCity may be the biggest headache"
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441:"Vivint Solar Secures New $ 325 Million Credit Facility Lowering Cost of Debt"
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882:"Mercedes-Benz and Vivint Solar partner to compete with Tesla in home energy"
743:"Vivint Solar's $ 1 Billion Lawsuit Adds to SunEdison Bankruptcy Uncertainty"
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818:"Solar Earnings in a Trump World: SunPower, SolarCity, SolarEdge, Vivint"
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579:"Blackstone $ 2 Billion Acquisition Ties in Solar and Home Automation"
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181:
At the time of the merger, Vivint Solar had installed a total of 1.29
301:
182:
1152:
605:"VivintKnock! Knock! Solar company wins converts going door to door"
26:
789:"Vivint Solar Is Struggling To Survive (NYSE:VSLR) | Seeking Alpha"
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549:"Blackstone to Buy Control of Vivint, a Home Security Provider"
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915:"Mercedes-Benz Brings a New Model (Of Battery) to U.S. Homes"
254:
1086:"Sunrun Acquires Vivint Solar Creating a Valuation of $ 22B"
662:"Vivint Solar Makes Public Market Debut, Shares Up Modestly"
886:
258:
946:"Vivint Solar Is Already Falling Behind in Energy Storage"
1002:"Vivint Solar files countersuit in New Mexico civil case"
701:, RechargeNews.com 12 December 2014, accessed 03 Aug 2017
135:
713:"Why SunEdison is buying Vivint Solar for $ 2.2 billion"
692:
Lawsuits against Vivint Solar 'lack merit', company say
185:
of power for over 188,000 customers in 23 U.S. states (
1129:
778:, PVMag.com, 16 March 2017; accessed 12 April 2017
976:"New Mexico sues Vivint Solar over sales tactics"
850:"Vivint Solar names BYU, Harvard grad as new CEO"
1179:Renewable resource companies established in 2011
1165:
1004:. Deseret News, Dec 20, 2018. 20 December 2018.
547:De La Merced, Michael J. (September 18, 2012).
1054:"Solar Deal Would Create a New Industry Giant"
496:"Home security packaged with energy and solar"
376:"Solar Deal Would Create a New Industry Giant"
781:
710:
684:
546:
160:photovoltaic solar energy generation systems
1199:Solar energy companies of the United States
1094:. Zacks Equity Research. October 13, 2020.
25:
912:
769:Vivint Solar installations decline in Q4
735:
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1189:American companies established in 2011
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356:from the original on February 15, 2018
1098:from the original on October 15, 2020
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559:from the original on January 25, 2018
1174:Energy companies established in 2011
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925:from the original on 25 January 2018
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723:from the original on 29 October 2015
711:Fehrenbacher, Katie (20 July 2015).
672:from the original on 16 October 2015
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611:from the original on January 1, 2016
528:from the original on 25 January 2018
421:from the original on 17 January 2019
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16:Former American solar energy company
585:from the original on April 13, 2014
502:from the original on April 13, 2014
407:Hill, Joshua S. (8 November 2018).
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974:Groom, Nichola (8 March 2018).
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913:Cardwell, Diane (18 May 2017).
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660:Wang, Ucilia (1 October 2014).
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170:. The company primarily used a
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321:Attorney General of New Mexico
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1204:2014 initial public offerings
1194:Companies based in Lehi, Utah
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1052:Penn, Ivan (July 10, 2020).
1028:"VIVINT Solar Press Release"
944:Hoium, Travis (2018-05-16).
470:"Vivint Solar Coverage Area"
350:"Vivint Solar Coverage Area"
158:was an American provider of
7:
1184:2011 establishments in Utah
767:Christian Roselund (2017).
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166:and was headquartered in
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978:. Reuters, Mar 8, 2018.
172:power purchase agreement
291:initial public offering
134:David Apalone Bywater (
284:In November 2012, the
858:. 19 December 2016.
826:. 10 November 2016.
581:. 24/7 Wall Street.
690:Karl-Erik Stromsta
21:
919:The New York Times
823:greentechmedia.com
774:2017-04-13 at the
697:2017-04-13 at the
553:The New York Times
524:. 7 January 2017.
445:www.prnewswire.com
381:The New York Times
57:Russell 2000 Index
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447:. 6 August 2019.
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92:October 2020
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1158:Renewable Energy
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890:. 18 May 2017.
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319:In 2018, The
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314:Mercedes-Benz
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1100:. Retrieved
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885:
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855:Deseret News
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358:. Retrieved
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276:
247:Rhode Island
243:Pennsylvania
180:
156:Vivint Solar
155:
154:
120:Areas served
109:Headquarters
34:Company type
20:Vivint Solar
1102:October 13,
636:Marketwatch
607:. Reuters.
295:legal merit
199:Connecticut
54:: VSLR
1168:Categories
1038:2020-05-12
960:2022-06-27
929:24 January
803:2022-06-27
753:20 January
727:19 October
676:19 October
646:2018-03-18
532:24 January
455:2020-04-23
425:16 January
336:References
235:New Mexico
231:New Jersey
191:California
168:Lehi, Utah
130:Key people
113:Lehi, Utah
1146:Companies
302:SunEdison
183:gigawatts
149:(defunct)
124:23 states
59:component
46:Traded as
1096:Archived
1070:July 10,
1064:Archived
1032:Archived
1006:Archived
980:Archived
954:Archived
923:Archived
898:22 March
892:Archived
866:18 March
860:Archived
834:18 March
828:Archived
797:Archived
772:Archived
747:Archived
721:Archived
695:Archived
670:Archived
640:Archived
609:Archived
583:Archived
563:March 5,
557:Archived
526:Archived
500:Archived
498:. CNET.
474:Archived
449:Archived
419:Archived
386:Archived
354:Archived
267:Virginia
239:New York
215:Maryland
211:Illinois
195:Colorado
64:Industry
1132:Portals
717:Fortune
589:Sep 19,
506:Feb 11,
480:Jul 16,
392:10 July
273:History
263:Vermont
203:Florida
187:Arizona
143:Website
96:2020-10
94: (
89:Defunct
79: (
74:Founded
1012:18 May
986:18 May
666:Forbes
615:Nov 3,
360:Aug 2,
329:Sunrun
279:Vivint
265:, and
223:Nevada
207:Hawaii
176:Sunrun
164:Vivint
102:Sunrun
38:Public
255:Texas
1104:2020
1072:2020
1014:2021
988:2021
931:2018
900:2018
887:CNBC
868:2018
836:2018
755:2017
729:2015
678:2015
617:2013
591:2012
565:2017
534:2018
508:2011
482:2017
427:2019
394:2020
362:2019
259:Utah
81:2011
77:2011
52:NYSE
269:).
136:CEO
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