|Bid||9.65 x 200|
|Ask||9.90 x 500|
|Day's Range||9.53 - 10.00|
|52 Week Range||6.46 - 11.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.73|
SunPower's acquisition of SolarWorld Americas has to do with politics first, financials second. But make no mistake, playing politics could significantly benefit its bottom line.
SunPower (SPWR) aims to expand SolarWorld Americas' operations, post the completion of the deal, to capitalize on the rising demand for U.S. solar installations.
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / It was a good day for solar power companies First Solar and SunPower Corporation on Wednesday. Both stocks saw their shares climb higher on positive news. SunPower ...
On a mixed day for day the major benchmarks, Intuitive Surgical jumped on strong earnings and SunPower announced it is buying a domestic solar panel factory.
First Solar stock jumped after receiving an upgrade and price-target boost based on expectations of rising solar demand. SunPower acquired solar panel maker SolarWorld
The news sent SunPower's shares up 12 percent on the Nasdaq to their highest level since before President Donald Trump imposed 30 percent tariffs on imported solar panels in January. SunPower is based in San Jose, California but most of its manufacturing is in the Philippines and Mexico.
Rival Canadian Solar Inc. (NASDAQ:CSIQ) offered a respectable 20% in the past year, but it’s nowhere near FSLR stock. Unfortunately, in hindsight, I unnecessarily cautioned against buying First Solar shares. Since then, FSLR stock has rocketed 55%, leaving me with egg on my face.
Solar stocks took a beating in the second half of 2015 and throughout 2016, but the sector turned around in 2017. In fact, one exchange-traded fund (ETF) tracking the sector – the Guggenheim Solar ETF ( TAN) – generated impressive returns of over 54% last year. Solar stocks soared in the past due in part to federal tax credits for home solar installation and other incentives to stimulate the industry, but the sector was surprisingly resilient in 2017 despite a presidential administration that does not prioritize renewable energy to the same extent as its predecessor.
SunPower Corp.’s new strategy: If you can’t beat them in the tariff game, buy them. The panel maker, which spent more than a year fighting U.S. import tariffs, announced Wednesday it was buying a rival that was instrumental in pushing for them. The purchase of SolarWorld Americas for an undisclosed sum includes an Oregon factory that will help SunPower avoid the duties.
SAN JOSE, Calif., April 18, 2018 /PRNewswire/ -- A new chapter in American solar panel manufacturing is set to unfold with SunPower and SolarWorld Americas announcing SunPower's agreement to acquire 100 percent of the Hillsboro, Oregon-based SolarWorld Americas. A long-time solar industry pioneer, SolarWorld Americas is the leading American manufacturer of solar panels. Consistent with the desire to revitalize the U.S. high-technology manufacturing sector, SunPower (SPWR) plans to inject fresh capital into the SolarWorld Americas facility and implement leading-edge, high-efficiency P-Series solar panel manufacturing technology.
Zacks Industry Outlook Highlights: Jinko Solar, Azure Power Global, Dominion Midstream, SunPower and NextEra Energy Partners
The amount of new solar generating capacity added last year was sharply lower than in 2016, but the reasons for the plunge have nothing to do with its continued viability as a low-cost energy source.
SAN JOSE, Calif., April 10, 2018 /PRNewswire/ -- At a ribbon cutting event on April 10, SunPower Corp. (SPWR), the U.S. Air Force Civil Engineer Center, Vandenberg Air Force Base, and Defense Logistics Agency Energy marked the commencement of operations for a 28-megawatt solar photovoltaic system at Vandenberg Air Force Base near Lompoc, California. The power generated by the system is expected to meet about 35 percent of the base's energy needs. "Access to reliable, resilient electricity to meet operational needs is a priority for the U.S. Air Force, and this solar project enables us to increase our own energy security at Vandenberg with competitively priced, dependable solar energy from SunPower," said Ken Domako, Chief of Portfolio Optimization at Vandenberg Air Force Base.
SAN JOSE, Calif. , April 6, 2018 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ:CAFD) (the Partnership) today announced it has filed a definitive proxy statement with the Securities and Exchange Commission ...
Tempted by the prospect of explosive gains in cryptocurrencies? Investing in these three stocks could be a better bet.