The Sunrun IPO is going to be happening soon as the prospectus was filed yesterday. The residential game is going strong this week. With Sunedison buying Vivint Solar for $2.2billion including $500million in debt giving the company a valuation of $1.7billion. Sunrun, which had 8 times the revenue of Vivint Solar in 2014, is trying to IPO at $13-$15 per share giving the company a valuation of $1.25-$1.45billion. Interestingly, Sunedison has increased guidance due to the Vivint Solar acquisition by an AMAZING 1.1-1.3GW. That means that the company expects 2016 to be 2x the cumulative lifetime. As a sidenote, will some reporters do some real work on their stories going forward? The GTM Residential Leaderboard is for pure play installers. Not residential marketshare as a whole. Vivint Solar can’t be the second largest with $25million in revenue in 2014 compared to SolarCity’s $250million and Sunrun’s $198million. Here is the prospectus for some fun reading
- Fortune: Solar company Sunrun sets terms to raise up to $309 million in IPO
- Arizona Central: AG’s Office widens Arizona Corporation Commission investigation
- Utility Dive: For top utilities, customer satisfaction hinges on empowerment
- Renewable Energy World: How Solar Energy Zones and Easy Permitting Helped Create 3-cent Solar
- Forbes: Nuclear Almost As Good As Solar, Says Report Prepared For Nuclear Group
- Grist: James Hansen’s new climate study is terrifying, but he still has hope
- Renew Economy: Labor picks a winner with 50% renewable energy target
- The Guardian: How the solar panel subsidy cuts will affect you
Opinions
Have a great day!
Yann