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Deal closed Jun 2015 · western U.S. Verified

REC Solar Acquires Stellar Energy

REC Solar has acquired Stellar Energy through an asset purchase agreement, expanding its commercial solar business. The deal adds over 60 megawatts of solar projects and 28 megawatts of O&M contracts to REC Solar's portfolio. Stellar Energy's president will join REC Solar as vice president of business development.

“REC Solar announced it has acquired Stellar Energy, a leading solar provider in the western U.S., through an asset purchase agreement.”

Entities

Duke Energy · Mentioned REC Solar · Acquirer Stellar Energy · Target
Other Sentiment: Positive

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.