Climate Changed
Vivint Jumps After Analyst Says It's Beneath `Liquidation Value'
Workers from Vivint Solar Inc. install solar panels on the roof of a home in Camarillo, California, on Nov. 4, 2013.
Photographer: Anne Cusack/LA Times via Getty ImagesThis article is for subscribers only.
Vivint Solar Inc. rose the most in nearly a month after Guggenheim Partners said the Blackstone Group LP-backed rooftop company is trading below it’s “liquidation value.”
While she doesn’t expect Vivint to break up, Sophie Karp, a New York-based analyst at Guggenheim, found it a worthwhile metric to quantify the “valuation floor,” according to a research note Wednesday. Panel installers are closely monitoring a solar trade case that’s “threatening the viability” of their businesses.