After basically creating the solar leasing business, SolarCity is branching out and has put its larger competitors-First Solar and SunPower 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.
For those Elon Musk fans out there, do you know the major developments that could crush his pride and joy, Tesla? The secrets to success that could make investors like you rich? The answers are simpler than you think, and The Motley Fool is sharing them in a free report titled, "5 Secrets to Tesla's Future." Inside, we outline critical information every Tesla investor must know, so we invite you to click here now for your free report.
Tune in weekly for the Motley Fool's "Digging for Value".
The article SolarCity is Expanding its Reach and Investors React Positively originally appeared on Fool.com.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of SolarCity. Try any of our Foolish newsletter services free for 30 days. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.