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Another Big Energy Player Goes Solar

By Travis Hoium - Apr 25, 2013 at 2:04PM

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ABB's investment in Power-One is another bullish sign for solar.

ABB (ABB 1.86%) 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 1.20%) and General Electric (GE 3.61%). Will we see more solar buyouts? Erin Miller sat down with Fool contributor Travis Hoium to find out. 

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Stocks Mentioned

General Electric Company Stock Quote
General Electric Company
GE
$77.22 (3.61%) $2.69
First Solar, Inc. Stock Quote
First Solar, Inc.
FSLR
$68.33 (3.47%) $2.29
ABB Stock Quote
ABB
ABB
$30.34 (1.86%) $0.56
TotalEnergies Stock Quote
TotalEnergies
TTE
$58.98 (1.20%) $0.70

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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