Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Solar Jobs: FirstSolar Names New CEO, Vivint CEO Steps Down

Published 05/03/2016, 05:02 AM
Updated 07/09/2023, 06:31 AM

There were several major changes in leadership positions at some of the largest solar energy companies announced Tuesday.

First of all, Greg Butterfield, CEO of Vivint Solar (NYSE:VSLR) stepped down. The company appointed David Bywater, COO of Vivint Smart Home, as the interim CEO. Vivint is still in rebuilding mode just a few months after its $2.2 billion acquisition by SunEdison was called off. Shares of VSLR fell over 10% in Tuesday’s session.

In another major CEO change, First Solar (NASDAQ:FSLR) announced that CFO Mark Widmar would take over as chief executive on July 1, 2016. At that time, current CEO James Hughes intends to step down from his position. Hughes, who was focused on cost reduction initiatives, will remain in an advisory role and on the company’s board.

Finally, SunEdison (OTC:SUNEQ) announced that John Dubel has been appointed chief restructuring officer of the bankrupt solar company. Dubel is currently the CEO of Dubel & Associates, a restructuring and turnaround services firm.



FIRST SOLAR INC (FSLR): Free Stock Analysis Report

VIVINT SOLAR (VSLR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.