I bought yesterday few thousand shares, honestly I bought these shares third time never made profit,
Recently I saw good things happening around I guess this time better luck.
What is the fare value for this stock just curious!
Solar Goes Toe-To-Toe Scott Reynolds, a research analyst with Jefferies, in a detailed research report published in January, said solar is becoming increasingly competitive in many markets He also said solar companies arechanging business models to deal with the oversupply. Of the companies he follows, SunPower remains the most exposed to spot pricing.
SunPower designs, makes and markets high-performance solar electric systems for residential, commercial and utility-scale power-plant customers. In early 2012 it commenced a reorganization to better align its business with the changing business environment.
When the company reported fourth-quarter financial results on Feb. 7, it showed a 20% increase in revenue to $678.5 million, reversing an 8% drop in revenue in the prior quarter and its best performance in five quarters. Adjusted earnings per share rose 350% to 18 cents a share, its best showing in seven quarters.
"We continue to execute on our accelerated panel cost reduction road map," said Thomas Werner, chairman, president and CEO, in a conference call that day. He also described how the firm made advancements in solar panel efficiency and longevity. As the cost of solar power reaches parity with high-cost fossil fuel resources, "We foresee that our power plant business will become increasingly international in scope," he said.
First Solar plans to announce its fourth-quarter results on Feb. 26. Consensus estimates of analysts polled by Thomson Reuters is for earnings of $1.76 a share, which would be a strong reversal from the loss of 46 cents posted in the same quarter a year ago. Revenue is projected to come in at $1.3 billion, which would be a 97% increase from a year ago and its strongest revenue growth in 14 quarters.
RUN IS JUST STARTED