Tag Archives: spwr

SunEdison Inferno Chars SolarCity, SunPower, Yieldcos

SunEdison’s (SUNE) inferno charred SolarCity (SCTY), SunPower (SPWR) and spinoffs TerraForm Power (TERP) and TerraForm Global (GLBL) on Wednesday, as IBD’s Energy-Solar Group plunged for the second day on Wall Street. In midday trading, IBD’s Energy-Solar Group was down 3% after falling 5.7% Tuesday following SunEdison’s mixed Q3 earnings cast doubt on the effectiveness of the industry’s trend toward putting assets into publicly traded companies

First Solar, SunPower Shine After Earnings

Shares of First Solar (FSLR) and SunPower (SPWR) lit up Thursday after the companies posted solid earnings and guidance, but SolarCity fell. Late Thursday, solar panel maker First Solar said Q3 earnings jumped 288% vs. the year-earlier quarter and projected another 12.5% EPS growth for Q4. SolarCity (SCTY) stock, however, was down 20% in after-hours trading, after the No. 1 solar installer reported Q3 per-share losses that deepened. SunPower

SunPower Shines On Record-Smashing Q4 Sales Guide

SunPower (SPWR) stock lit up Thursday after the No. 2 solar panel maker late Wednesday forecast record-smashing Q4 sales that would more than double its year-earlier revenue. SunPower stock was up almost 11% in late-afternoon trading in the stock market today, at a nearly three-month high above 27. For its Q3 ended Sept. 27, SunPower reported $441.4 million in non-GAAP revenue and 13 cents earnings per share ex items. Both measures exceeded the