Vivint Solar

[2] At the time of the merger, Vivint Solar had installed a total of 1.29 gigawatts of power for over 188,000 customers[3] in 23 U.S. states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont, and Virginia).

[6] The company marketed solar as part of its Smart Home product, with customers able to track energy consumption to save electricity.

[16] Also contributing to Vivint's financial troubles was the fact that starting in 2016, the PPA model was losing favor with consumers who increasingly preferred to buy solar power systems outright.

[22] In 2018, The Attorney General of New Mexico filed a lawsuit against Vivint Solar, Inc. saying it was engaging in unfair and unconscionable business practices including clouding titles to consumers’ homes, fraud and racketeering.

[26] By early October 2020, the acquisition was completed following the approval by regulators and stockholders of both companies, creating a valuation of approximately $22 billion.