There’s long been a Catch-22 about residential solar: despite staggering market demand, it’s been hard to make money doing it. Until now.
Sunrun Inc. said Wednesday that it’s cash-flow positive. And Blackstone Group LP-backed Vivint Solar Inc. expects to hit that mark next year.
“It’s a major milestone if both of these companies can demonstrate that they can fund their continuing operations and continue to create new leases and generate money,” said Joseph Osha, a San Francisco-based analyst at JMP Securities LLC.
Read more at Bloomberg New Energy Finance