Vivint Solar, Inc.(NYSE:VSLR) dropped from S&P TMI Index

Vivint Solar, Inc. is a United States-based company which offers distributed solar energy. The Company generates electricity by a solar energy system installed at or near customers’ locations. It offers electricity to residential customers, primarily through direct-to-home sales model. Its product offering includes power purchase agreements (PPA), legal-form leases (Solar Leases) and solar energy system sales (System Sales). The Company, under its product PPAs, charge customers a fee per kilowatt hour based on the amount of electricity the solar energy system is actually provided.