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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.

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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...


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