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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.
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.
Trade-Ideas LLC identified JinkoSolar (JKS) as a pre-market mover with heavy volume candidate