Sunrun saw growth in deployments, revenues, cash and funding, as it expands its solar+storage business and pursues capacity sales. But the company and the larger third-party solar space are facing a sticky problem.
The company will list on the NYSE under the symbol NOVA. Sunnova’s prospectus filing reveals information about the company’s finances and operation.
Maine will restore net metering, Kentucky is gutting it and Arkansas has opened the door to any one of a number of changes, as the foundational policy for distributed solar sees ups and downs across the nation.
The EV, battery and solar company continues to raise record amounts of cash as it ramps Model 3 production. At the same time, Tesla is emphasizing profitability from its solar business, which has undergone a significant transformation since the company bought SolarCity.
Like other large U.S. third-party solar companies Vivint is increasingly moving away from the leasing model to direct sales.
It was not a pretty year for solar finance, but some sectors remained unscathed.
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