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California-based Sunrun, with the pending approval of its merger with Vivint Solar, importantly commands both scale and a 17% stake in the highly fragmented US solar installation market.
While understandably skidding in the COVID-19-impacted 2nd quarter, forced backlogs, the pulling forward of operational program alliances and low borrowing costs should drive growth in second half and beyond.
US energy consumption sourced from renewable sources is about 10%, with forward growth projections doubling over the next two decades.