Tag Archives: spwra


Solar in 2014: Buy or Lease?

Solar in 2014: Buy or Lease?

As utilities are using more solar and wind–both free energy sources–to power grid than ever before we might think electricity rates could level off, if not actually go down. But this hasn’t been the case. Moderate to heavy consumers here in California saw their rates rise between 20 to 40%. So if you haven’t gone


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 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


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


Fox News Gets Solar Wrong (Again) $SPWRA

I’ve just spent some time watching, and re-watching, and re-re-watching solar and business experts Bill O’Reilly, Steve Doocy, Megyn Kelly, Lou Dobbs, and Michelle Malkin pillory SunPower, which received a $1.2 billion Department of Energy Loan guarantee. Fox is analyzing, in their unique style, the $1.237 billion loan guarantee from the DOE to support the


Patagonia Goes Solar at California Campus

Patagonia, known for its high-quality outerwear, flipped the switch on 27 kilowatts of newly installed solar photovoltaic power at its headquarters in Southern California on Monday. The SunPower system will supply about 50 percent of the energy needed at one of the campus’s three main buildings—the firehouse. “We have an existing solar system in the