Solar panel manufacturers First Solar (FSLR) and SunPower announced Monday they’re in “advanced negotiations” to form a joint, publicly traded yield company that would own and operate solar-power assets to generate revenue for investors. The companies could use capital generated from the “yieldco” to fund new power projects, a growing trend in the industry. The two companies said in a statement they intend to file a registration statement with the
The heat is on the solar industry once again, as SolarCity’s Q4 late Wednesday missed on the bottom line and SunEdison missed on the top line, sending both stocks falling. No. 1 solar installer SolarCity (SCTY) reported a wider Q4 loss than expected, as its total operating expenses doubled to $135 million and total operating losses more than doubled to $120 million. Its Q1 revenue and EPS forecast also missed. Q4 revenue met
President Obama on Friday called on businesses to share information about cyberthreats with each other and the federal government, during a cybersecurity summit at Stanford University, even as many tech companies remained critical of government data-collection practices. Before CEOs such as Apple (AAPL), Intel (INTC), American Express (AXP) and many other companies, government leaders, law enforcement, educators and students,