The solar PV industry has been growing at breakneck growth rates over the past decades, yet is still considered a high risk play for many investors. Unsurprisingly, capital costs have traditionally been a problem area for the industry, although solar companies have found ways to lower these costs over the years. The solar YieldCo, which separate a company's more stable cash flows from its more volatile activities, has gained popularity in recent years as a ways to reduce capital costs. These YieldCos then act as subsidiaries that can be traded on the market. First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) just announced that they will be forming a joint YieldCo by combining some assets from their current respective portfolio's. This huge announcement was met with massive investor approval, and caused the after hours stock prices of both these companies to jump approximately 10%. After much deliberation on First Solar's and SunPower's part, these two U.S. solar standouts will finally joining the ever growing list of solar companies [notably SunEdison (NYSE:SUNE)] going the YieldCo route. First Solar and SunPower should both see huge benefits moving forward with this partnership. Read more