A pilot project is helping SolarCity soar into the nascent but accelerating solar-storage market, but the solar installer is far from alone in turning up the heat on storage: SunPower (SPWR) expects three recent acquisitions to position it as a top provider of “smart-energy homes.” General Electric (GE) is working on a microgrid demonstration combining solar generation, wind and natural gas with sodium-nickel-chloride battery storage and
Web search firm Yahoo late Tuesday, bowing to shareholder pressure, announced a tax-free spinoff of its 15% stake in China e-commerce leader Alibaba Group, rallying its stock despite another quarterly decline in sales and earnings. In a conference call with analysts following the earnings release, Yahoo (YHOO) CEO Marissa Mayer called the spinoff of the Alibaba (BABA) shares a “historic” undertaking. But activist investor Starboard Value, and
Four big drug companies gave mixed fourth-quarter reports and guidance Tuesday as patent losses and foreign-exchange rates clouded the near-term future, while gene-sequencer Illumina posted better-than-expected earnings. After the close, Amgen (AMGN) said its Q4 earnings rose 19% to $2.16 a share, beating consensus by 11 cents. Revenue for the big biotech rose 6% to $5.33 billion, more than $100 million above views. The company affirmed 2015