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
Elon Musk told Tesla Motors shareholders Tuesday that he’ll stay CEO of the electric car maker at least four to five years “through volume production of a third-generation car” for the mass market, and detailed talks about building a battery “gigafactory.” Musk is CEO of both Tesla (TSLA) and commercial spaceflight company SpaceX, as well as chairman of solar-panel installer SolarCity (SCTY). “Nobody is CEO of a company forever — eventually they
As First Solar (FSLR) got its analyst day under way Wednesday with new guidance and goals, the solar manufacturer’s stock vaulted 14% to 65, near a 29-month high. Meanwhile, SolarCity (SCTY) stock was down 4% in midday trading in the stock market today as investors digested Tuesday’s mixed fourth-quarter report from the company, the largest in IBD’s No. 2-ranked Energy-Solar industry group. First Solar is second in size, and both firms had issued