SolarCity Buys PV Panel Maker Silevo; Stock Soars

By | June 17, 2014

Scalper1 News

SolarCity (SCTY) stock rocketed 15% in afternoon trading in the stock market today after the installer of rooftop solar systems said that it had signed a deal to buy solar panel maker Silevo for as much as $350 million. The announcement was made in a blog post by SolarCity Chairman Elon Musk and other top execs on the company’s website. Fremont, Calif.-based Silevo makes photo voltaic solar panels. Musk noted in his blog post that Silevo’s solar Scalper1 News

Scalper1 News