9 posts and columns on SunPower

Solar Panel Makers Seek Local Ties

in News on November 18, 2009 at 7:48 am PT

Solar panel makers, taking cues from industrial products like Trane air-conditioners and Andersen windows, are racing to roll-out networks of installers across the U.S. and internationally as they try to establish their brands in the residential market.

SunPower Finds Accounting Errors; May Restate; Launches Probe; Stock Slides

in News on November 17, 2009 at 12:01 am PT

SunPower this afternoon said a review of its Philippine manufacturing operations found the company may have made “unsubstantiated accounting entries” in the first three quarters of 2009, some of them relating to 2008. The company said its Audit Committee is investigating the matter.

SunPower Soars on Strong Q4; Betting on Looser Credit

in News on January 30, 2009 at 3:00 pm PT

Wow, the bears on SunPower aren’t having a very good day. The solar module provider late yesterday posted better-than-expected results for the fourth quarter and an outlook for 2009 that suggests strong growth, assuming the credit markets loosen. With the Street bracing for the worst, heading into the quarter, the shares have rebounded impressively.

SunPower: Three Analysts Slash ’09 Estimates; Earnings Thursday

in News on January 27, 2009 at 10:54 am PT

With SunPower set to report earnings on Thursday after the close, solar analysts have taken a fresh look at the company this morning–and at least three of them did not like what they saw. Analysts at Friedman Billings Ramsey, Thomas Weisel Partners and Pacific Crest all had words of warning this morning for investors in the stock, sharply reducing their forecasts for 2009.

SunPower Cuts Guidance on Currency Issues, Triggering Broad Selloff in Solar Shares After Two-Day Rally

in News on November 5, 2008 at 6:07 am PT

In an unexpected turn of events for solar stocks–which were expecting a major rally in the event of an Obama win–a statement by SunPower yesterday predicted a loss in earnings growth due to a strengthening of the dollar against the Euro. As a result, SunPower, which has always hedged its current exposure, became “under-hedged.” A two-day rally reversed course sharply.

Cypress Soars 68 Percent on Arbitrage; Once in a Lifetime Trade

in News on September 30, 2008 at 2:05 pm PT

Shucks. Like me, you may not have bought shares of chipmaker Cypress Semiconductor (CY) yesterday after it fell about 25 percent. Too bad if you didn’t, because the shares have soared over 68 percent today, up $2.13 at $5.23. It’s a bit complex if you haven’t tuned in for awhile, but hear me out.

Solar Shares Collapsing; Where's the Bottom?

in News on September 9, 2008 at 3:09 pm PT

As far as I can tell, the sun is operating normally. But you might think otherwise judging from this week’s action in solar stocks. The sector, which suffered considerable losses yesterday, today went into freefall, with many names in the sector suffering losses of more than 10 percent. Exactly why investors decided to bail on the stocks today is unclear, but there are a number of factors that appear to be contributing to the current solar scare.

First Solar Cheaper Than SunPower, Says Citigroup

in News on August 21, 2008 at 5:27 pm PT

Citigroup’s solar technology analyst, Tim Arcuri, laid out the argument today for preferring shares of solar panel maker First Solar (FSLR) over those of SunPower (SPWR)–arguing that people get it wrong when they tend to think the former’s stock is more expensive than the latter’s.

Solar Module Prices to Drop 20 Percent in ’09, UBS Says

in News on August 11, 2008 at 1:16 pm PT

Sunshine is free. Solar modules are not. But they are getting cheaper: UBS analyst Stephen Chin today revised his forecast for solar module pricing to down 20 percent from a previous estimate of down 14 percent.