ABB (ABB +0.00%) 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 (TOT 0.54%) and General Electric (GE 0.66%). Will we see more solar buyouts? Erin Miller sat down with Fool contributor Travis Hoium to find out.
ABB's investment in Power-One is another bullish sign for solar.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.