Vivint Solar, Inc. (NYSE:VSLR) Files An 8-K Results of Operations and Financial Condition
Results of Operations and Financial Condition.
On May 9, 2017, the Company issued a press release reporting its
financial results for the first quarter ended March 31, 2017. A
copy of the press release is furnished herewith as Exhibit 99.1.
The Company makes reference to non-GAAP financial measures in the
press release, and includes information regarding such measures
in the press release.
The Company also provided a memorandum outlining Vivint Solar,
Inc.s methodology for estimating its cost per watt for installing
solar energy systems that was updated for its financial results
for the first quarter ended March 31, 2017. The memorandum is
available on the Companys website.
The information furnished in this Current Report under Item 2.02
and the exhibit attached hereto shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
Financial Statements and Exhibits.
to the rules and regulations of the Securities and
Vivint Solar, Inc. press release dated May 9, 2017
About Vivint Solar, Inc. (NYSE:VSLR)
Vivint Solar, Inc. primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives. The Company has a process that enables it to design and install a custom solar energy system that delivers customer savings. The Company is a licensed contractor in the markets the Company serves and is responsible for each customer installation. Upon completion, the Company schedules the required inspections and arranges for interconnection to the power grid. Vivint Solar, Inc. (NYSE:VSLR) Recent Trading Information
Vivint Solar, Inc. (NYSE:VSLR) closed its last trading session down -0.15 at 2.85 with 166,490 shares trading hands.