Why Vivint Smart Home Stock Is Soaring, and NRG Is Tumbling, Today

Why Vivint Smart Home Stock Is Soaring, and NRG Is Tumbling, Today

NRG Energy (NYSE: NRG) has agreed to acquire Vivint Smart Home (NYSE: VVNT) in a deal that values the target at $5.2 billion, including debt. NRG CEO Mauricio Gutierrez in a statement called the acquisition "a transformational step in achieving our vision" to be at the leading edge of high-tech solutions for homes and businesses. The deal is a positive outcome for the special purpose acquisition company (SPAC) market.