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Solar Installer Vivint's IPO: Opportunity and Risks

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  • Solar Installer Vivint's IPO: Opportunity and Risks

    Why is it that everybody has heard of SolarCity but few outside the solar industry have heard of Vivint Solar? That changed on October 1 when the New York Stock Exchange welcomed Vivint to the ranks of publicly-traded companies. Vivint Solar is the second largest installer of solar panels in the United States. The initial public offering was at $16 per share, valuing the Blackstone Group LP -backed company at $1.68 billion. Don't you wish you had some of the action? Now that the share price has dropped to 12, maybe not. What happened and is there some defect in Vivint's business model? As more solar energy companies go to the public markets, Vivint may be a cautionary tale or may be viewed as a great investment opportunity.

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