Share article By Alex VlahosPublished May 15, 2018 04:59:03The Sunstone Group is looking to build its stake in SolarCity, the world’s biggest solar installer, with a plan to buy shares in SolarShare.
Sunstone bought Sunstone Energy Services for $13.3 billion in 2016.
Sunitex is an affiliate of Sunstone.
Sunis is a subsidiary of Sun Energy Partners.
Sun Stone, based in Scottsdale, Arizona, was founded in 2012 and has an average daily daily net profit of $1.7 million, according to its most recent SEC filings.
Sunstone also has a net loss of $12 million, which it reported in 2016, according the filings.
Shares of SolarShare fell 1.4 percent in early trading Monday.
The stock fell by 1.2 percent to $13 a share.
Shares in SolarShares fell by 6.9 percent in 2018.
Shares were up 1.7 percent in 2017.
