Requests for proposals to supply solar power facilities frequently specify prices to be stated in only one way—dollars per watt DC, or dollars per kilowatt-hour, for example. But a one-dimensional approach to pricing leads to skewed valuation, because different technologies and system designs produce value in different ways.

Mergers and acquisitions can help companies balance their asset portfolios and improve their financial strength. But economic and regulatory forces are driving more buyers into the market, and the demand for attractive targets might soon outstrip the supply.