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Another Big Energy Player Goes Solar

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

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

ABB (ABBN.Y -0.50%) 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 0.25%) and General Electric (GE -1.13%). Will we see more solar buyouts? Erin Miller sat down with Fool contributor Travis Hoium to find out.

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.

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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.

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