In a press release this morning, Sunpower (SPWRA) touted its new high efficiency E19 solar panels with an efficiency of 19.5%. Behind the glitz, glamour and press releases of being a world leader in high efficiency solar cells, there is an ugly side. That ugly side comes in the shape of competition .. from Chinese manufacturers willing to sell less efficient panels at a much lower price. Isn’t global competition wonderful? Not for many US … Read the rest
Tag Archives: spwra
SunPower (SPWRA) Releases New Product Line
SunPower just announced that it has released a new product line. The SunPower E19 Series solar panels consists of modules in a 96-cell or 72-cell configuration that boast efficiency of 19 percent or more. This is accomplished with larger all-back contact solar cells that make more efficient use of space, as well as an anti-reflective coating. In a press release, Tom Werner, SunPower CEO, commented on the new product line:
“We are pleased to … Read the rest
SunPower (SPWRA) Adds 40 MW To California Valley Solar Ranch Contract
Sunpower just announced that it has added an additional 40 MW of capacity to its contract for the development of the California Valley Solar Ranch for PG&E. That means that the completed plant will be 250MW, one of the largest solar PV plants in the world.
===> Click Here For Your FREE SunPower Analysis
In a press release, Howard Wenger, president of SunPower’s utilities and power plants business group, commented on the news:
“We … Read the rest
Oppenheimer Roundup On Solar Stocks: STP, YGE, CSIQ, FSLR, SPWRA, SOLF
I mentioned the Oppenheimer upgrade of Suntech Power (STP) this morning on Green Stocks @Twitter, but the firm has rating and price target updates on other solar stocks as well. Hat tip to Street Insider for the heads up.
Bullish on Yingli Green Energy (YGE) and gets upgrade from Outperform to Perform and $17 price target (about 30% higher). Want more YGE analysis?
Downgrades Canadian Solar (CSIQ) from Outperform to Perform and lowered and … Read the rest
Auriga Initiates Coverage Of Several Solar Stocks – TSL, SOLF, YGE, STP, CSIQ, FSLR, SPWRA
Solar analyst Mark Bachman of Auriga USA (formerly of Pacific Crest) initiated coverage of several solar stocks after the bell today. Hat tip to Street Insider for the following analyst comments:
Trina Solar (TSL) initiated at Buy with $34 price target (about 30% above current levels). More TSL analysis here
“We initiate coverage of Trina Solar with a Buy rating as the most under appreciated Chinese solar company we follow. While the stock is up … Read the rest
New Solar Installation by FPL (FPL) And Sunpower (SPWRA) Opens On Florida’s Space Coast
FPL just announced that its new FPL’s Space Coast Next Generation Solar Energy Center has opened at Kennedy Space Center. The 10 MW facility consists of about 35,000 SunPower solar PV panels. SunPower designed and built the installation for FPL and NASA, who worked as partners on the project. Over the life of the panels, the center is expected to reduce carbon dioxide emissions by 227,000 tons.
In a press release, FPL President and … Read the rest
SunPower (SPWRA) To Build 7 Solar Plants In Italy, 16.5 MW Total
SunPower just announced that it has signed an agreement with Sol.In.Build Srl, a subsidiary of Veronagest SpA, to build 7 solar plants in Sicily. No financial details were disclosed, but the 7 plants will provide 16.5 MW of capacity total. Individual plants will vary in size from one to 3.5 MW. All plants are expected to be up and running by September of this year.
The plants will use SunPower panels as well as SunPower … Read the rest
SunPower (SPWRA) Completes Acquisition Of SunRay
Sunpower just announced that it has completed its acquisition of SunRay Renewable Energy, a solar power plant developer based in Europe with offices in the Middle East. The acquisition over 1,200 megawatts of solar photovoltaic (PV) projects to SunPower’s project pipeline. The projects are all in different stages of development and are located in Italy, France, Israel, Spain, the United Kingdom and Greece.
In a press release, Howard Wenger, president of SunPower’s utilities and … Read the rest
Analyst Ratings On SPWRA, PWER, NLC, PNR, CCC, ERII
Several Analyst rating notes this morning. Hat tip to Street Insider for the analyst commentary.
Soleil Securities maintains Hold on SunPower (SPWRA) and has price target of $21. “Cutting 2010 estimate from $1.50 to $1.30 per share (consensus is $1.45 per share). Introducing below consensus estimate for 2011 ($1.65 per share vs. $2.07 consensus).”
Merriman Curhan Ford reiterates Buy rating on Power One (PWER). “Our recent meeting with senior management continues to reaffirm … Read the rest
Analysts Weigh In On Sunpower (SPWRA) Results
===> Click Here For Your FREE Sunpower Analysis
Analysts are weighing on the Sunpower (SPWRA) earnings results this morning. Hat tip to Street Insider for the following analyst comments:
Piper Jaffray is maintaining a Neutral rating and is raising the price target from $22 to $25.
“SPWR provided in line FY10 revenue guidance but PF EPS guidance was below consensus; additionally 1Q10 guidance was much lower due to backend-loaded systems revenue. The stock will likely … Read the rest