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Why Sunrun and Vivint Solar Stocks Soared Today - The Motley Fool

Why Sunrun and Vivint Solar Stocks Soared Today - The Motley Fool

Why Sunrun and Vivint Solar Stocks Soared Today - The Motley Fool
Jul 07, 2020 25 secs

Shares of Sunrun (NASDAQ:RUN) and Vivint Solar (NYSE:VSLR) surged on Tuesday after the two companies agreed to a merger that could create a new solar energy titan.

Sunrun is seeking to acquire Vivint Solar in an all-stock deal that values Vivint at $3.2 billion.

Vivint's shareholders would receive 0.55 shares of Sunrun stock for each Vivint share they own. .

If this deal goes through as planned, a combined Sunrun and Vivint would be well positioned to play a leading role in the solar industry's long-term expansion

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