Published October 1, 2014 10:05am EDT | Updated January 8, 2015 2:36pm EST

Vivint Rallies More Than 7% On NYSE Debut

Shares of Vivint Solar Inc. rallied 7.3% Wednesday following the solar installer's initial public offering. Vivint priced late Tuesday at $16 a share, at the low end of expectations and raising $300 million. The stock opened Wednesday at $17.01. Blackstone-backed Vivint Solar, based in Utah, is the No. 2 U.S. residential solar installer after SolarCity Corp.