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A larger-than-expected incentive cut by the Chinese could result in greater near-term demand than previously anticipated in the region, potentially sending solar stocks surging through the first half of 2017.
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.