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| General Information |
| Business: |
We offer distributed solar energy — electricity generated by a solar energy system installed at or near customers’ locations — to residential customers based on 20-year contracts at prices below their current utility rates. Our customers pay little to no money upfront, typically realize savings of 15% to 30% relative to utility-generated electricity immediately following system interconnection to the power grid and continue to benefit from guaranteed energy prices over the term of their contracts, insulating them against unpredictable increases in utility rates. From our inception in May 2011 through June 30, 2014, we have experienced rapid growth, installing solar energy systems with an aggregate of 129.7 megawatts of capacity at more than 21,900 homes in seven states for an average solar energy system capacity of approximately 5.9 kilowatts. According to GTM Research, an industry research firm, we were the second largest installer of solar energy systems to the U.S. residential market with approximately 8% market share in 2013, according to its ‘Q1 2014 PV Leaderboard’ report. |
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| Industry: |
HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES |
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| Employees: |
2,288 |
Founded: |
2011 |
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| Contact Information |
| Address: |
4931 North 300 West, Provo, Utah 84604, US |
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| Financial Information |
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| Revenues: |
$ 14.3 mil (last 12 months) |
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| Net Income: |
$ -109.9 mil (last 12 months) |
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| IPO Profile |
| Symbol: |
VSLR |
| Shares (millions): |
20.6 |
| Price Range: |
$16.00 - $16.00 |
| Est.$ Volume |
$ 329.6 mil |
| Manager / Joint Managers |
Goldman Sachs/ BofA Merrill Lynch/ Credit Suisse |
| Co Managers |
Citigroup/ Morgan Stanley/ Deutsche Bank Securities/ Barclays/ Blackstone Capital Markets |
| Expected to Trade |
10/1/2014 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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