Vivint Solar bullish despite losses and weaker Q4 install forecast 0

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Vivint is expecting a slight slump in installations in the final quarter of the year, but remains bullish on its long-term prospects.

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.

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