Why Vivint Solar's Shares Jumped 105.5% in July

Travis Hoium, The Motley Fool
·2-min read
Why Vivint Solar's Shares Jumped 105.5% in July

Shares of solar installer Vivint Solar (NYSE: VSLR) jumped 105.5% in July, according to data from S&P Global Market Intelligence, after agreeing to merge with competitor Sunrun (NASDAQ: RUN). The merger will combine two of the largest residential solar installers in the country and create a potentially disruptive renewable energy stock. Vivint Solar shareholders will get 0.55 shares of Sunrun when the merger is complete.