|Bid||7.8500 x 1100|
|Ask||7.8600 x 2200|
|Day's Range||7.4913 - 7.9450|
|52 Week Range||6.4600 - 11.7000|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.13|
SunPower Chairman Tom Werner discusses how President Trump’s tariff on imported solar panels has impacted his business.
SAN JOSE, Calif., June 18, 2018 /PRNewswire/ -- SunPower (SPWR), one of the world's most innovative and sustainable energy companies, will formally introduce its highest efficiency X-Series residential solar panel this week during Intersolar Europe in Munich, Germany. At 370-watts and 22.7-percent efficiency, it is the most efficient solar panel that customers can buy for their home today. "Building on over 30 years of experience and more than 9 gigawatts of solar generating clean energy worldwide, SunPower continues to raise the bar with record-setting solar technology," said Gabi Bunea, SunPower vice president, research and development.
Investors are always looking for growth in small-cap stocks like SunPower Corporation (NASDAQ:SPWR), with a market cap of US$1.11B. However, an important fact which most ignore is: how financially healthyRead More...
Shares of Enphase Energy Inc (NASDAQ: ENPH ) surged higher by more than 35 percent Wednesday morning in reaction to an acquisition announcement. What Happened Enphase said it acquired SunPower Corporation ...
LOS ANGELES, June 13, 2018 /PRNewswire/ -- sonnen, the global market leader in intelligent residential energy storage, today announced a program with SunPower, one of the world's most innovative and sustainable energy companies. The program sets a new standard in clean energy by offering the highest quality pairing of SunPower® Equinox™ home solar energy systems + sonnen's intelligent energy storage now available to residential customers across the U.S. through SunPower's participating installation contractors.
Enphase Energy's (ENPH) buyout of SunPower microinverter business to add nearly $60-70 million to its annualized revenues by the second half of 2019.
Enphase Energy, Inc. (ENPH), and SunPower Corporation (SPWR), today announced a definitive agreement for Enphase to acquire SunPower’s microinverter business for $25 million in cash and 7.5 million shares of Enphase common stock. “We are pleased to become the microinverter supplier for SunPower’s AC Modules,” said Badri Kothandaraman, president and CEO of Enphase Energy.
Alternative energy stocks First Solar Inc. ( FSLR) and SunPower Corp. ( SPWR) took a tumble last week on recent policy changes in China that have been viewed as a threat to solar energy demand and prices worldwide.
Solar stocks have taken a hit recently, hurt by regulatory changes in China that some fear may jeopardize demand and prices globally. Kallo named First Solar (FSLR) to the firm's Fresh Pick list on Monday, writing that the selloff was a 'knee-jerk negative reaction' to the news that China is changing its solar subsidy program, and that it doesn't account for the fact that First Solar's revenue visibility or its "substantial competitive advantage" over its peers. First Solar should continue to be at a significant cost advantage, even with best-in-class Chinese manufacturers, which could lead to upside to 2020 estimates, Kallo says.
First Solar and two other solar stocks had their price targets lowered, as the industry has been rattled by China's unexpected move to slash incentives and subsidies.
In particular, the situation between the U.S. and China is getting more tense. For FSLR stock, Wall Street analysts have wasted little time in going negative. Bank of America Corp (NYSE:BAC) lowered its rating on FSLR stock from “buy” to “neutral” and reduced the price target from $83 to $63.
SunPower (SPWR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs, the developers told Reuters. The tariff’s bifurcated impact on the solar industry underscores how protectionist trade measures almost invariably hurt one or more domestic industries for every one they shield from foreign competition.
Tom Werner paid his first visit to SolarWorld Americas Inc. on Wednesday, and afterward the SunPower CEO and chairman said recent market developments confirm his company’s plans to invest in the Hillsboro plant. “If anything, we’ll make (investments) more aggressively,” Werner said in an interview. SunPower announced in April that it was acquiring the struggling Hillsboro factory, giving it a U.S. manufacturing base and a pathway around tariffs put in place by the Trump administration at the behest of none other than SolarWorld.
SAN JOSE, Calif., June 5, 2018 /PRNewswire/ -- According to an industry survey of nearly 600 solar installers across the United States, 30 percent of home solar shoppers in 2017 were also interested in battery storage. Researchers like IHS Markit expect that interest to grow, estimating that the installed base of U.S. residential battery energy storage will increase fourfold from 2018 to 2022. To meet current and future customer demand, SunPower (SPWR) today announced that its all-in-one SunPower® Equinox™ home solar energy system is currently compatible with battery storage solutions from sonnen and Tesla through participating dealers.
The country has a lot of installed capacity of wind and solar, but it's not producing very much electricity. Here's why that matters to energy investors.
Energy storage could make rooftop solar more viable across the country and be an added revenue source for solar installers.
SAN JOSE, Calif., May 31, 2018 /PRNewswire/ -- PowerOptions and SunPower (SPWR) announced an innovative program today that will provide solar power and battery storage solutions to nonprofit and government institutions in New England, allowing them to maximize energy cost savings as well as store the electricity produced by solar and use it when it's needed most. As part of the new program, SunPower will construct and operate solar facilities on customer sites and provide power from the facilities under a 20-year power purchase agreement (PPA). Customers will also have an option for battery storage with SunPower's Helix™ Storage solution to store solar energy for use during peak periods to help further protect members against paying high utility demand charges.
Massive revenue growth of 900% in their last quarter, over the year-ago period, has made Solbright (SBRT) an overlooked but potentially lucrative opportunity. The stock appears undervalued compared to similar public companies, at a market capitalization of only $10 million, and the stock could be worth a substantial gain based on an analysis of peers. Similar companies typically trade closer to 2X their trailing twelve months of sales - the company has done more than $12 million in that period, meaning it could be worth 150% more than today's prices.