Tag Archives: spwra
LDK Solar Defaults on Convertible Notes
On the heels of Suntech’s bankruptcy last month, LDK Solar Company Ltd. (Xinyu City, China) failed to make full payments of $23.8 million-worth of 4.75% convertible notes due this year. LDK was able to reach a private agreement on some cash payments and payment postponement with two other holders of $16.6M in notes. The company [...]
SunPower Announces $325M in Residential Solar Projects from Citi and Credit Suisse
In a remarkably clear trend, SunPower (NASDAQ: SPWR) just announced $325 million in new commitments for residential solar lease projects from Citi and Credit Suisse. SunPower joins in the recent cash infusions from banks for firms such as SolarCity, SunRun, OneRoof, Clean Power Finance, and Borrego Solar totaling more than $600 million in what is [...]
SunPower Expands Manufacturing in France
Despite the gut in PV modules throughout most of the world, SunPower is expecting more demand for its products. As such it just introduced its newest manufacturing facility in De Vernejoul, France, near it’s northeastern border with Germany. The new plant employs roughly 80 workers and will produce 44 megawatts of modules annually. “Construction [...]
SunPower Silences the Critics with Recent Earnings and Guidance
While it’s still choppy seas for the solar industry, SunPower’s full-year results for 2011 beat analysts’ estimates, and its 2012 guidance led some analysts to be more bullish on its stock. Among other steps the company is taking, it’s working to reduce costs by simplifying its production process and introducing more efficient PV cells. The [...]
First Solar and SunPower: Stocks Headed South? $FSLR, $SPWRA
It only took a day or two for First Solar (FSLR) and SunPower Corporation (SPWR) to confirm the bearish pattern I pointed out after the recent post-earnings celebration for SPWR. The charts below show rapid follow-through from the big fades that followed huge up days in each stock. First Solar breaks down again SunPower gives [...]
SunPower Completes Tenesol Purchase #SPWRA
SunPower Corp. has completed its acquisition of Tenesol SA, a subsidiary of Total SA, for $165.4 million. This deal represents another step forward in the integration of SunPower into Total’s business structure — in June, 2011, Total purchased a majority stake in SunPower (60%) for $1.4 billion. Alongside SunPower’s purchase of Tenesol, Total bought 18.6 [...]
California Goes Solar at Water Treatment Facilities $SPWRA
SunPower has targeted solar power marketing efforts at municipal water districts and regional water agencies with brilliant results. The company has installed more than 25 solar systems at water plants throughout the country, most of them in California. It just announced four new ones, totaling 3.8 megawatts of installed solar capacity at two Rancho California [...]
EV + PV Strikes Again in Sunpower/Nissan Deal $SPWRA
The number of solar industry + auto maker partnerships just keeps on growing. In a collaboration announced today, Nissan North America Inc. (NNA) and SunPower Corp. will team up to help Nissan LEAF electric vehicle owners learn how a residential solar power system from SunPower can reduce their carbon emissions and control the cost of [...]
First Solar and SunPower Release Disappointing Earnings $SPWRA $FSLR
Both First Solar and SunPower’s third quarter earnings call took place today at the close of the market. First Solar had pre-announced their results last week and both firms had cut their 2011 revenue guidance prior to today’s calls. First Solar First Solar (Nasdaq: FSLR) recently saw the sudden announcement of CEO Rob Gillette leaving [...]