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VSLR - Sunrun's Plan To Acquire Vivint Is An Exercise In Futility As Solar ITC Winds Down
Vivint Solar Inc.
On Monday, Sunrun (RUN), the leader of the US residential solar installer space, announced intent to acquire Vivint Solar (VSLR), the second largest player in the space.
While the deal between the top two players in the segment will no doubt be synergistic, COVID-19 related weakness coupled with price competition from Tesla (TSLA) was likely instrumental in Sunrun moving to make this deal with Vivint.
The back drop is that Vivint and Sunrun would like their investors to believe that the value of their installed solar systems is above