Seeking Alpha

SunPower obtains $220M for residential solar lease financing

  • BofA/Merrill is providing SunPower (SPWR +3.8%) with $220M in financing to support residential solar lease projects. The deal comes four months after scored $100M in residential solar project financing from the Digital Federal Credit Union.
  • The amount of financing available for U.S. residential solar installations has been soaring, aided by the creation of new investment options. SolarCity began selling solar asset-backed debt last year, and recently bought a startup that allows retail investors to finance solar projects.
  • SunPower is moving higher amid a broader solar rally. Q4 results arrive on Feb. 12.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|