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.
US-headquartered high-efficiency solar panel manufacturer SunPower Corp recently held its ‘Capital Markets Day’ event that indicated a slow turnaround in its business fortunes would be a key development in 2019.
A key challenge for a company that has undergone several major restructurings in recent years has been the lack of profitability.
As PV Tech had previously highlighted, US residential solar installer Vivint Solar was focusing on higher profit markets over market share gains in 2017 as it rebuilt its business, primarily in its sales activities resulting in installations flat-lining in 2017.
Residential solar provider Vivint Solar has officially expanded the availability of its solar energy systems into the state of Delaware. Following this expansion, the company now operates in 21 different states.