SolarCity to Buy Zep Solar for $158 Million to Cut Install Costs

Bloomberg Businessweek

By Christopher Martin
October 9, 2013

SolarCi­ty Corp. (SCTY:US), the rooftop-solar pow­er provider that’s quadru­pled in val­ue since its Decem­ber ini­tial pub­lic offer­ing, agreed to buy close­ly held Zep Solar Inc. for about $158 mil­lion in stock to ensure sup­plies of rack­ing sys­tems that cut instal­la­tion times in half.

Read the full Bloomberg Busi­ness­week arti­cle here