Billionaire Rokke’s First Solar Bet Returns 275% in a Month
Photographer: Markel Redondo/Bloomberg
This article is for subscribers only.
It’s a relatively small bet for billionaire Kjell Inge Rokke, but the return has so far been formidable.
Rokke’s investment company Aker ASA moved swiftly last month when the biggest owner of solar industry supplier REC Silicon ASA put his stake up for sale. The polysilicon producer, which has suffered from the trade war between the U.S. and China, surged as much as 60% on Thursday after the two countries signed the first phase of a deal.