SolarCity (NASDAQ: SCTY ) is getting bigger, and better.
The company announced on Tuesday that it will acquire Silevo, a manufacturer of solar panels, for $200 million and a potential $150 million more based on hitting certain milestones. The market applauded the news, bidding the stock up more than 17% on Tuesday.
This is a big step for SolarCity, as it will now be able to manufacture its own panels rather than purchasing from them others. Rule Breakers analyst Simon Erickson and Stock Advisor analyst Sara Hov discuss the impact this move could have for both the company and its investors.
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