Vivint Solar, the newly floated US residential PV installer, has forecast a decrease in deployments in the final quarter of the year, blaming the prospect of harsh winter weather conditions.
In a conference call to discuss Q3 results yesterday, Vivint’s CEO Greg Butterfield said he was confident the company would meet or exceed its 150MW full-year deployment guidance.
But in the final quarter of the year, Vivint, the second largest US installer after SolarCity, is expecting to install 45-47MW, down from the 49MW it managed in Q3.
Fourth-quarter revenue is also expected to be down on Q3’s US$8.3 million to between US$5.5 million and US$6.5 million.
The Editorial Team at SolarFeeds is made up of knowledgeable solar industry insiders and experts who have a passion to share valuable, helpful and educational information. Aiming at becoming the best place to learn solar, the publication partners with industry thought leaders, journalists and influencers. Email us tips and insights at operations [at] SolarFeeds. com