Tuesday, October 14, 2008
GE / solar interests and investments
General Electric just invested 2 million in a new solar company out of California - while that doesn't seem to be a big deal at first, what is interesting about it is that a spokesperson said it is "part of a greater focus on renewable energy in general, and solar power in particular", Which clearly means they are looking at other renewable/solar companies and we should see more speculation from them in this field. I think we'll be seeing more investments like this, and perhaps even a buyout of a company that brings enough to the table for them to want to take over. Here is a link to the full article - http://money.cnn.com/news/newsfeeds/articles/djf500/200810141115DOWJONESDJONLINE000409_FORTUNE5.htm
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