Tag: Rasesh Patel
Vivint rebrand highlights smarter energy management
June 11, 2025SSN Staff
LEHI, Utah — Early May saw smart home automation provider Vivint unveil its new rebrand focusing on the integrated smart home experience with security at its core.
The company said its new visual identity represents both an evolution and expansion of that focus, redefining a smarter home experience to include smarter energy management.
“We are entering a rapid phase of innovation, where energy management concerns are beginning to rival security concerns,” said David Porter,...
NRG crushes Q1, residential shows progressive results
May 28, 2025Ken Showers, Managing Editor
HOUSTON — NRG Energy is surging out of the gate in 2025 with a record breaking Q1 performance and some welcome traction in its residential vertical led by Vivint Smart Home.
Smart Home customer growth saw a 6% net increase and a strong margin expansion of 4% in Q1 2025 compared to the same period in 2024. The segment also saw a continuing record high retention rate of 90%.
“Our results were driven by a mix of expanded margins, favorable weather and excellent commercial...
NRG quarterly performance points to accelerating integration of smart home services into commercial operations
November 3, 2023Ken Showers, Managing Editor
HOUSTON – During its third fiscal quarter financial results webcast NRG Energy revealed new guidance for 2024 above the initial investor day plan and has been hastening its integration of Vivint's smart home offerings into its commercial operations.
The company reported a third quarter 2023 Net Income of $343 million. Adjusted EBITDA for the third quarter was $973 million, Cash Provided by Operating Activities was $566 million, and Free Cash Flow Before Growth Investments...