SolarCity is getting bigger, and better.
The company announced on Tuesday that it will acquire Silevo, a manufacturer of solar panels, for $200 million and a potential $150 million more based on hitting certain milestones. The market applauded the news, bidding the stock up more than 17% on Tuesday.
This is a big step for SolarCity, as it will now be able to manufacture its own panels rather than purchasing from them others. Rule Breakers analyst Simon Erickson and Stock Advisor analyst Sara Hov discuss the impact this move could have for both the company and its investors.
Will this stock be your next multi-bagger?
Give us five minutes, and we'll show how you could own the best stock for 2014. Every year, The Motley Fool's chief investment officer hand-picks one stock with outstanding potential. But it's not just any run-of-the-mill company. It's a stock perfectly positioned to cash in on one of the upcoming year's most lucrative trends. Last year, his pick skyrocketed 134%. And previous top picks have gained upwards of 908%, 1,252%, and 1,303% over the subsequent years! Believe me, you don't want to miss what could be his biggest winner yet! Just click here to download your free copy of "The Motley Fool's Top Stock for 2014" today.
The article Stocks on Our Radar: SolarCity originally appeared on Fool.com.Simon Erickson owns shares of SolarCity. Simon Erickson has the following options: short October 2014 $55 puts on SolarCity and short January 2015 $50 puts on SolarCity. The Motley Fool recommends SolarCity. 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 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.