US residential solar installer Sunrun is to acquire rival Vivint Solar as part of a US$3.2 billion all-stock deal that constitutes a major shake-up for the US solar market.
US residential solar firm Sunrun is to aggregate 300 domestic solar-plus-storage installations into a single virtual power plant (VPP), claiming it to be one of the US’ first residential VPPs.
US solar residential player facing layoffs and 2020 uncertainty appoints Tom vonReichbauer as CFO, enlisting individual with past senior roles at Ford, Tesla, Nest and Google.
New roll-out figures and talk of cash increases come after leading US residential player acts to withdraw 2020 guidance, with media reports claiming around 100 staff are being let go.
Nasdaq-listed group expects deployment to grow by further 15% in 2020, amid hopes that uptake of its solar-plus-storage offering Brightbox will double year-on-year.
Top US residential player posts Q3 2019 deployment volumes of 107MW and eyes 115-118MW in Q4 2019 despite warning that ‘tight labor market’ could hamper customer growth and order delivery.
Despite a lower-than-expected public offering in July and escalating net losses, Sunnova says it is "well-positioned" to reach operational and financial targets, thanks to its growing dealer network and favourable macroeconomics.
With the major US residential solar installers (Sunrun, SunPower, Vivint Solar and Tesla) having recently reporting second quarter 2019 financial results, PV Tech takes a closer look at the business and market dynamics shaping up in 2019.
