fbpx

U.S. residential solar installer Sunrun said on Monday it will buy peer Vivint Solar for about $1.46 billion in an all-stock deal.

The acquisition would roll together two companies with significantly overlapping business models and similar visions for a distributed energy future. Though Sunrun and Vivint Solar have slightly different geographic coverage areas, both install rooftop solar across much of the country through leases, loans and direct sales.

Read full article.