NEW YORK (TheStreet
) -- Shares of Australia-based CBD Energy Ltd
are up 6.25% to $3.40 in heavy trading volume after it announced
that it acquired North Carolina-based Green Earth Developers LLC
in a cash deal plus restricted shares of CBD common stock, to boost its expansion in the U.S. commercial solar market.
Financial terms of the deal were not disclosed.
Must Read: Warren Buffett's 25 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts