Silevo
Auto Added by WPeMatico
SolarCity Ends The Day Up 17.58% After It Purchases Silevo, Announces Manufacturing Plans
Shares of SolarCity jumped 17.58 percent in regular trading today, as investors applauded its decision to purchase solar-panel manufacturer Silevo, which had plans to build a factory in New York. SolarCity intends to build the plant and scale it to “capacity greater than 1 GW within the next two years.” Read More
Powered by WPeMatico
SolarCity Acquires Silevo To Become A Large-Scale Solar Panel Producer
Elon Musk’s SolarCity has acquired Silevo, a solar panel manufacturing and design firm that produces low-cost, high-output photovoltaic cells, the company announced today. The deal will help SolarCity “achieve a breakthrough” in solar power pricing thanks to “massive economies of scale,” according to a blog post on the SolarCity website.
Already, the company is… Read More
Powered by WPeMatico