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NRG Energy: Bolstering Solar Infrastructure With Partial Acquisition Of Verengo

NRG Energy (NRG) has accelerated its move into the distributed solar industry over the past few months. With wild ambitions of overtaking SolarCity (SCTY) as the top residential solar company in a few years time, NRG Energy is wise to move into the distributed solar space as fast as possible. The company has already set up a huge distributed solar infrastructure, with its CEO even claiming that the company has "an embedded SolarCity within it." In fact, the company is already proclaiming that it will beat out Vivint Solar (VSLR) for the number 2 spot by the end of 2015, which is a tall order considering the companies' currently huge market share disparity, and Vivint Solar's rapid growth.

NRG Energy has recently announced that it had bought out Verengo Solar's Northeast U.S. sales and operations planning teams, which marks the latest in a series of ambitious acquisitions. Over the… Read More …