After basically creating the solar leasing business, SolarCity (NASDAQ:SCTY.DL) is branching out and has put its larger competitors-First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) on notice. The Elon Musk-supported company has been tying several deals together over the past few weeks, including one with East Bridgewater, MA, and a small acquisition of Paramount Solar, a supplier of residential solar solutions.
To cap it all off, and justifying the spike yesterday, SolarCity inked a deal to provide up to $124 million in solar financing to business customers of Direct Energy. This deal is a positive sign for not just SolarCity but for the industry as a whole. For more, tune in below to Motley Fool's "Digging for Value" show with analysts Taylor Muckerman and Joel South.
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