SolarCity’s shares popped Tuesday after the alternative energy company announced a deal to install solar panel systems in Whole Foods Market stores across the U.S.
SolarCity Shares Spike After Whole Foods Deal
The company will retrofit up to 100 Whole Foods stores with rooftop solar panels.
SolarCity
The plan aims to increase the production of solar power and offset the need for a traditional grid power while helping the organic food store save money, according to the companies’ joint press release. In total, the energy firm will retrofit up to 100 Whole Foods stores with rooftop solar panels.
This article originally appeared on Recode.net.
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