I'm not sure if anyone has posted this news yet. I know I haven't read it on here and this id really exciting. This stock is definitely going to be a big player.---------------Solar3D Seeks Buying Two More System Providers in 2015, CEO Says
By Justin Doom Nov 12, 2014 10:36 AM PT
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Solar3D Inc. (SLTD), a U.S. solar provider that just announced a second acquisition in a year, plans to buy two more companies in 2015, its chief executive officer said.
“We’ve got an intense focus right now on buying integrators so that we can expand our company,” James Nelson said today in an interview at Bloomberg News headquarters in New York. “We want to buy two other companies -- that’ll put us up close to $100 million in revenue. That’s ambitious, but it’s our objective.”
Solar3D, which also is developing a proprietary solar-cell technology it intends to license, last week said it’s buying MD Energy LLC in a deal expected to close by February. In January, Solar3D acquired Solar United Networks Inc., another California-based developer better known as SUNworks.
Most of Solar3D’s customers are in California and prefer buying systems to leasing, Nelson said. The Santa Barbara, California-based company said today that it’s expanding into Nevada.
Solar demand in the U.S. next year may be more than 7.5 gigawatts, according to data compiled by Bloomberg New Energy Finance.
As system costs fall, customer interest in solar will grow similar to how the market for personal computers exploded, Nelson said.
“Utilities will continue to fight it, but they’ll be overwhelmed by a tidal wave of consumer demand,” he said.
To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net
To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Robin Saponar, Will Wade
