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Utilities Down, But Not By Much, As Solar-Power Installers Agree To Merge -- Utilities Roundup

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07/07/2020 | 05:25pm EDT

Shares of power producers fell, but not by as much as the broad market, as investors sought cover from the implications of spikes in Covid-19 infections by buying into safe havens.

Sunrun agreed to buy rival Vivint Solar for about $1.6 billion in stock, as the two largest U.S. rooftop solar companies sought to survive the fallout of the coronavirus pandemic by joining forces.

 

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
SUNRUN INC. 6.07% 44.94 Delayed Quote.206.81%
VIVINT SOLAR, INC. 6.26% 24.77 Delayed Quote.221.07%
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