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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