SolarCity To Buy Mexican Solar Company, First International Acquisition

By Claudia AssisMarketWatch Pulse

SolarCity Corp. on Wednesday said it reached a deal to buy Mexico's solar developer Ilioss for an undisclosed sum, the U.S.-based company first international acquisition. The deal is expected to close later this month, SolarCity said. Shares of the company rose 2.3% on Wednesday, and have gained 13% so far this year, about four times as much as the S&P 500 index in the same period.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below