Chevron Corporation (NYSE:CVX) has decided to start investing in US solar energy projects this year.

Chevron Corporation (NYSE:CVX) Set For US Solar Investment

Reports say that the energy giant Chevron Corporation (NYSE:CVX) is planning to begin tax equity investments in US solar energy projects this year.

Ram Ambatipudi, director of large scale renewables at Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX) said, “Chevron Corporation (NYSE:CVX) is going to be a new entrant into the tax equity market in 2012 and we are looking for smaller deals in the 3-20MW range.”

Chevron Corp. (NYSE:CVX) stocks were at 103.12 at the end of the last day’s trading. There’s been a -1.6% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.53
Zack’s Rank: 3 out of 19 in the industry