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Why Sunrun and Vivint Solar Stocks Rose Today, but Clean Energy Fuels Dropped

Why Sunrun and Vivint Solar Stocks Rose Today, but Clean Energy Fuels Dropped

At the same time, shares of Clean Energy Fuels (NASDAQ: CLNE), which distributes liquefied and compressed natural gas for use as a vehicle fuel, plunged from the outset, and kept on falling to close the day down 13.6%. Sunrun has bid to acquire its smaller solar-installer rival, Vivint Solar, in a deal that will see Sunrun trade 0.55 shares of its own stock for every share of Vivint now outstanding. If consummated, the merger will create a new titan in the American solar market: the largest solar installer and solar panel lessor in the country, with annual sales exceeding $1.2 billion.