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Solaria Wants to Be ‘Hunter’ as Solar Deals Intensify

Solaria Energia y Medio Ambiente SA, a Spanish solar-panel maker that lost 42 percent of its market value last year, is looking to acquire a raw materials supplier as it branches upstream into more profitable businesses.

The company wants to buy a manufacturer of solar cells that are used in panels, Investor Relations Director Pedro Echeguren said. Cell makers earn profit before interest, tax, depreciation and amortization of about 30 percent of sales, compared with 9 percent at Solaria in the first nine months of 2010, he said.