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SunPower CEO Not Spooked by Solar Flares

Posted Feb 27, 2008 01:37pm EST by Aaron Task in Investing, Biotech and Clean Tech
Related: SPWR, STP, LDK, CY, JASO, SOLF, FSLR

Saying "solar stocks are volatile" is a gross understatement, with the sector having soared in 2007 before plummeting at the start of 2008. Just this week, sentiment has swung from concern over LDK Solar's inventories to excitement about Suntech Power being added to Goldman's conviction buy list, back to concern today after Bank of America downgraded four Chinese solar stocks.

SunPower certainly hasn't avoided such flare-ups; its shares are down nearly 60% from their November highs. But when I recently sat down with CEO Tom Werner, he defended the firm's performance and said the stock has fallen prey to "macro clouds." Werner also addressed concerns about insider selling, the Cypress Semi relationship, and the outlook for silicon supply.

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13 Comments

JonathanL
JonathanL - Wednesday February 27, 2008 02:03PM EST

once I see earning that have something that resembles consistancy, then I'll look at this POS

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frflyer
frflyer - Wednesday February 27, 2008 02:23PM EST

Bank of America downgrades are a joke. They called TSL a buy at it's last peak on Nov 7 at about $62 Now that it's lost half it's value and is undervalued, they say SELL Go figure.

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Dmoney
Dmoney - Wednesday February 27, 2008 02:42PM EST

trojanfinance.com will have detailed reports on solar stocks very soon

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Captain Morgan
Captain Morgan - Wednesday February 27, 2008 03:14PM EST

Great day to buy more here. with oil going up to what appears may be 150 a barrel soon and going green being ever so touted on a daily basis, this stock was downgraded so the fund managers can buy on the cheap. That is what think.

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art
art - Wednesday February 27, 2008 04:33PM EST

I own JASO,LDK, and STP and would much rather be in these stocks than owning Bank of America!

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art
art - Wednesday February 27, 2008 04:34PM EST

I own JASO,LDK, and STP and would much rather be in these stocks than owning Bank of America!

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SOL
SOL - Wednesday February 27, 2008 07:16PM EST

THE SOLAR STOCKS ARE THE BIG PLAY FOR 2008. THE OLYMPICS IN CHINA WILL INSIST UPON CLEAN AIR AND THE SOLAR STOCKS WILL FLY.

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tommy
tommy - Wednesday February 27, 2008 09:55PM EST

iam agree all you guy you say

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Henry
Henry - Thursday February 28, 2008 01:54AM EST

Simply put it, the solar stock will bounce back. Let alone when the oil reach 3 digits and stay there. Nothing in this world is free except solar energy. Won't you like a free meal? For those who invest in solar, choose integrated company who produces multicrystalline silicon i/o of mono. In a year or two, solar energy will be half of what it cost today.

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Yahoo! Finance User
Yahoo! Finance User - Thursday February 28, 2008 05:57AM EST

Solar stocks I agree are big plays for not just 2008 but beyond. Soon the stocks will double when oil prices jumps and green and clean energy becomes a fad. With cost of solar energy expected to go down with the emergence of technologies from such as Nanosolar it will be more common for even small users which will improve stock prices.

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Gennie
Gennie - Thursday February 28, 2008 10:03PM EST

i own solf and i am going to buy much much more they do this all the time so people will get scared just watch what the ceo does and do the same

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Nick
Nick - Friday February 29, 2008 08:28AM EST

solar is the future BELIEVE!!!!

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B
B - Friday February 29, 2008 12:18PM EST

great report, i'm buying more of fslr.

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