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Some analysts aren't buying the CEO's claims, which he made Thursday after announcing that the highly controversial Tesla-Solar City tie-up had been approved by shareholders of both companies.
Renewable energy stocks were under pressure as Americans elect Donald Trump for president of the United States.
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.