SolarCity shares jump on Silevo acquisition plans
Should investors be excited about this deal, or stay away?
According to Motley Fool analyst Simon Erickson, SolarCity used to buy solar panels overseas, ship them to the U.S., and then install them on rooftops here -- a very expensive endeavor. This acquisition will allow SolarCity to cut out the middle man and increase the company's efficiency. And it doesn't hurt that SolarCity will be manufacturing those panels in Buffalo, N.Y., creating plenty of jobs there.
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New legislation is allowing foreign companies to finally invest in the country's vast oil reserves.
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