- BofA/Merrill is providing SunPower (NASDAQ: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.