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Goldman Sachs Bets Big on Solar

This is another point of validation for the solar industry.

By Travis Hoium and Erin Miller – May 18, 2013 at 4:30PM EST

Goldman Sachs (GS 1.20%) is investing in a $500 million fund from SolarCity (SCTY +0.00%) that will in help the company install 110 MW of solar. This is the latest in a growing trend of big banks betting on solar power. Erin Miller sat down with solar analyst Travis Hoium to see whether this is a big deal or business as usual. 

 

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About the Author

Travis Hoium
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 has no position in any stocks mentioned. Fool contributor Travis Hoium owns shares of SunPower, manages an account that owns shares of SunPower, and has long January 2015 $5, $7, $15, and $25 calls on SunPower. The Motley Fool recommends Goldman Sachs and Wells Fargo and owns shares of Citigroup and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Stocks Mentioned

Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$912.66
(-1.20%)-$11.05
Citigroup Stock Quote
Citigroup
NYSE: C
$125.97
(-0.69%)-$0.88
Wells Fargo Stock Quote
Wells Fargo
NYSE: WFC
$80.27
(-0.67%)-$0.54

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

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