News Update: AT&T and SunEdison to Add More Solar Power in California

AT&T (NYSE:T) and SunEdison, a solar energy services provider and subsidiary of MEMC Electronic Materials (NYSE:WFR), have teamed up to expand AT&T’s national solar initiative by activating a new roof-top solar power installation in San Diego.

AT&T and SunEdison have contracts to also set up five other solar power installations in California by the second quarter of 2011.

The total solar capacity for all six sites will equate to about 2 megawatts, and over the 20 years, will generate more than 7.7 kWh of energy, or about enough energy to power more than 720 homes for a year.

San Diego Mayor Jerry Sanders said, “Partnerships such as this one between AT&T and SunEdison show why San Diego continues to be the national leader in solar energy, Our residents and businesses have embraced clean energy, which not only benefits our environment, but also our region’s economy.”

AT&T is currently trading 0.26 percent higher at $26.52.

SmarTrend is bullish on shares of AT&T and our subscribers were alerted to buy on July 26, 2010 at $25.88. The stock has risen 2.6% since the alert was issued.


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