Vivint Solar

Former American solar energy company

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October 2020 The acquisition of Vivint Solar by Sunrun was completed, creating a combined company valuation of approximately $22 billion.
July 2020 Sunrun announced its plan to acquire Vivint Solar for $3.2 billion.
2018 The Attorney General of New Mexico filed a lawsuit against Vivint Solar, alleging unfair business practices. Vivint Solar subsequently counter-sued the New Mexico Attorney General.
2017 Vivint Solar entered the home energy storage market, initially announcing a partnership with Mercedes-Benz Energy to offer home storage batteries.
2016 David Bywater became the new CEO of Vivint Solar. The company started offering loans and cash sales for solar systems, leading to 84% year-over-year revenue growth.
March 2016 The planned merger with SunEdison fell through, with Vivint Solar suing for 'willful breach', shortly after which SunEdison entered bankruptcy.
July 2015 SunEdison announced plans to acquire Vivint Solar for $2.2 billion.
December 2014 A class-action lawsuit was filed against Vivint Solar, alleging the company misled investors during their initial public offering by omitting data about their Power Purchase Agreement (PPA) model.
October 2014 Vivint Solar went public on the New York Stock Exchange.
November 2012 The Blackstone Group acquired a controlling interest in Vivint, Vivint Solar, and 2GIG Technologies for over $2 billion, leading to Vivint Solar becoming a standalone company.
2011 Vivint Solar was established as an offshoot of home automation and security company Vivint, headquartered in Lehi, Utah, focusing on providing photovoltaic solar energy generation systems for residential customers.
October 2011 Vivint Solar was founded as the solar division of Vivint, focusing on solar energy as part of their Smart Home product line.

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