Tag Archives: spwra

SunPower Gets Order From Southern California Edison $SPWRA

SunPowerjust announced that it has been awarded a contract to provide SunPowerT5 Solar Roof Tiles to generate  up to 200 megawatts of solar energy.With this contract, SunPower will provide 80 percent of the energyneeded for Southern California Edison’s solar PV installation program,in which the company plans to install, own and operate 250 megawatts ofsolar generating

SunPower (SPWRA) Working With K6 S.a.S To Build 2 Italian Solar Plants

SunPower just announced that it will work in partnership with K6S.a.S to build 2 1-megawatt PV solar plants in Puglia, Italy. The solarplants are expected to be up and running by August 2010. Sunpower willinstall its solar panels as well as its SunPower® T20 Tracker, whichfollows the sun to increase energy production by 30% energy.

SunPower, Toshiba in Supply Agreement (SPWRA) $SPWRA

SunPower just announced that it has signed a supply agreement withToshiba Corporation for 32 MW wort of high-efficiency solar panels.Under the agreement, SunPower will supply the solar panels to Toshibathis year, and Toshiba will use them to offer residential solar powerin Japan. In a press release, SunPower CEO Tom Werner commented on the agreement: “We

SunPower (SPWRA) Solar Cells Power World’s Largest Solar Boat

PlanetSolar just revealed the world’s largest solar-powered boat tothe world at the HDW shipyard. The catamaran is powered by 38,000next-generation solar cells from SunPower. PlanetSolar will starttesting the boat in March, and next year it will go on a world tour. In a press release, SunPower Senior Director Jorn Jurgens commented on the news: “We

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Technical Outlook for Solar Stocks Looking Bleak (TSL,SPWRA,LDK,ENER)

Nowhere isa destination for the average solar stock these days. For example, TAN,the Claymore/MAC Global Solar Energy ETF, has been stuck in a tradingrange since May of last year. 16 months ago, TAN was selling at thecurrent price of $8.33/share. This dramatic under-performance (forexample, relative to the S&P 500) will likely only get worse beforeit

Sunpower Gobbles Up Sunray (SPWRA) $spwra

SunPower just announced that it has signed an agreement to acquireSunRay Renewable Energy from its shareholders. SunRay is a leadingEuropean solar power plant developer with a project pipeline of morethan 1,200 megawatts (MW) in different stages of development. In a press release, Howard Wenger, president of SunPower’s utilities and power plants business group, commented on

Key Equipment Finance Announces Program To Fund SunPower (SPWRA) Commercial-Scale Solar Systems

Key Equipment Finance just announced that it will be partnering withSunPower (SPWRA) to provide financing for up to $50 million worth ofSunPower commercial-scale solar systems. The program will allowqualified commercial customer to secure capital leases and loans andgovernment entities to secure municipal leases to finance theconstruction of SunPower solar systems from 50 KW to 1

Sunpower Installs Solar Power System For Harvard (SPWRA)

Sunpower just announced that it has finished installing a 500KWsolar power system for Harvard University. The system, which has beeninstalled on top of the Arsenal on the Charles complex, was built withSunPower T5 Solar Roof Tile and should generate enough energy to power83 homes, offsetting 367 metric tons of CO2 annually. In a press release,

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Upgrades For STP, SPWRA, and AMAT

A few solar upgrades to report this morning… Suntech Power (STP) was raised to Neutral from Underperform by Macquarie.  Shares are up about 3% on the upgrade.   Sunpower (SPWRA) was upgraded by Europe’s SocGenfrom Hold to Buy and raised the price target from $29 to $31.movingthis morning as we have an analyst upgrade over at

SunPower Shares End 2009 In Holding Pattern (SPWRA)

The stock for SunPower Corporation (SWPRa) has remained in a holdingpattern, directly under resistance from the 50-day moving average(DMA), in the two weeks since SPWRa provided an empty update on its on-going audit committee investigation. I took this opportunity to dump my current position at break-even. I feel fortunate to do so after getting blindsided

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Holidays Come Early For Solar Stocks (STP, JASO, SPWRA)

A few analyst rating changes and coverage initiations this morning… Barclays upgraded Suntech (STP), JA Solar (JASO) and Sunpower(SPWRA) to Overweight.  All three are up about 8% today with STP andJASO breaking out of bases on the upgrade. Wedbush Morgan isn’t quite as positive on Sunpower, lowering theprice target from $29 to $21, but maintains

SunPower Successfully Retests March Lows (SPWRA)

Over thelast four days, Sunpower Corporation (SWPRa) completed a successfulretest of the March lows (intra-day low of $19.70, closing low of$20.91). The next price target is around $26.25 with a close of the gapcreated by the news of accounting irregularities at its Philippine manufacturing operations.This price level will likely meet with heavy resistance and sellingpressure

Pacific Crest Upgrades SunPower (SPWRA)

Pacific Crest is out upgrading SunPower (SPWRA) this morning toOutperform and raised the price target to $29, saying the recentaccounting debacle has created a unique buying opportunity. Hat tip to StreetInsider.com for the following analyst comment: “There is considerable risk inherent in our call because the resultsof the accounting investigation have not been announced. However,

Sunpower (SPWRA) And Etrion Working Together On Italian Solar Plants

Sunpower just announced that it will be partnering with Etrion tobuild 4 solar power plants in southern Italy. Altogether, the plantswill provide 4MW of solar energy. Sunpower will handle design,construction, operations and maintenance on the plants, which will useits “Tracker” technology. The companies plan to break ground on the new construction by theend of November,

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