SolarCity makes $120m acquisition, heads for 6 GW of solar roofs by 2018.

Bloomberg:  SolarCity buys a solar direct-marketing company majority-owned by Guthy-Renker LLC for about $120 million in stock and cash in order to reach more customers.” “Paramount Energy Solutions LLC has about 150 employees in Sacramento, California, ….The acquisition will help San Mateo, California-based SolarCity reduce costs associated with finding new customers for its rooftop solar systems and meet a goal of reaching 1 million customers, or 6,000 megawatts installed, by July 4, 2018. Rive said. SolarCity increased its 2013 guidance to 278 megawatts to account for the acquisition.”