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SunPower Corporation Message Board

  • ch_94086 ch_94086 Mar 14, 2011 10:20 AM Flag

    Sun Power is now clear choice for SOLAR in JAPAN (read)

    However, one clear pure play beneficiary may in fact be American solar module manufacturer SunPower via a potential expansion of the it's agreements with Toshiba to provide modules for the company's residential solar program. SunPower originally provided Toshiba with 32 MW of solar panels in the 2010 Japanese FY which ends in March. That agreement has just been expanded to a further 48 MWs for the upcoming FY ending March 2012. As Japanese PV demands rapidly expands in the period ahead, Toshiba is likely to need more product and SunPower's high-efficiency panels are perfect for the quality-conscious Japanese consumer.

    This likely boost to demand for SunPower's products comes on top of a number of factors which were already falling into place for SunPower this year and which have created an excellent medium-term outlook for the company. I have written at length about these positive factors in previous articles earlier this year:

    * The fact that SunPower is perfectly positioned to take advantage of the significant increase in utility-scale solar now taking place in the US - as outlined here.
    * The company's significant 711 MW deal with Socal Edison - more analysis here.
    * Very impressive Q4 earnings numbers - more detail here.

    These are the reasons that I had been recommending SunPower during most of its 40% plus rally from the beginning of the year to its February highs.

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24.12+0.14(+0.58%)Jan 30 4:00 PMEST

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