ABB (ABBN.Y) is spending $1 billion to buy Power-One (NASDAQ: PWER), a major player in solar inverters. This is the latest move by a large energy company to buy into solar following Total (TTE 0.90%) and General Electric (GE 1.28%). Will we see more solar buyouts? Erin Miller sat down with Fool contributor Travis Hoium to find out.
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ABB's investment in Power-One is another bullish sign for solar.
Erin Miller and Fool contributor Travis Hoium have no position in any stocks mentioned. The Motley Fool recommends Total SA (ADR), and owns shares of General Electric and Power-One. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
GE Aerospace
GE
$238.90
(1.28%)
$3.01
First Solar
FSLR
$144.92
(0.87%)
$1.25
Abb
ABBN.Y
TotalEnergies
TTE
$62.59
(0.90%)
$0.56
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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