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Actionable news in VSLR: VIVINT SOLAR Inc,

Credit Suisse: SunEdison-Vivint Good For Solar, Indicates Asset Appreciation And More Consolidation

Credit Suisse analyst Patrick Jobin followed up on the big Vivint Solar Inc (NYSE: VSLR) buyout news this week with a report discussing the impact of the deal on the solar power industry. Jobin sees the deal as good news and believes that it demonstrates the value of residential solar power.


SunEdison Inc (NYSE: SUNE) and TerraForm Power Inc (NASDAQ: TERP) will be buying Vivint for $2.2 billion. SunEdison will be contributing $1.277 billion to the deal, and Terraform will be contributing $922 million in exchange for 523 MWs of residential solar assets. Vivint shareholders will be receiving $16.50...