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The San Jose, Calif.-based buyer said it will pay $170 million to its Taiwanese partner across four years under a stock purchase agreement.
Before Tuesday's market open, Trina Solar (TSL) posted earnings and revenue that topped analysts' expectations for the 2016 second quarter.
Solar panel maker SunPower blamed tax incentives for its early 2016 troubles this week, but the U.S. industry faces a much bigger obstacle in the next 2 years.