Why CBD Energy (CBDE) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of Australia-based CBD Energy Ltd (CBDE) 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.

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Why CBD Energy (CBDE) Stock Is Soaring Today