Why Vivint Solar Stock Just Popped 12%
Shares of residential solar-panel installer Vivint Solar (NYSE: VSLR) were up 11.7% as of 11:30 a.m. EDT on Wednesday in an apparent delayed reaction to good news that broke earlier this week.
Late on Monday, according to TheFly.com, investment bank Roth Capital Partners issued a status report on the solar power industry, saying that a company called Loanpal, which provides loans to homeowners looking to install solar panels, has successfully securitized two packages of U.S. residential solar loans.
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Source Fool.com
