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.
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.
Stocks Mentioned
General Electric Company
GE
$77.22
(3.61%)
$2.69
First Solar, Inc.
FSLR
$68.33
(3.47%)
$2.29
ABB
ABB
$30.34
(1.86%)
$0.56
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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