Tag Archives: spwr

Solar Firms, Utilities Clash As 30% Tax Credit Fades

The solar industry and utilities are prepping for a battle on Capitol Hill over an expiring 30% subsidy that benefits the greener industry and threatens the traditional powers that be. On one side, solar energy companies — like SolarCity (SCTY), First Solar (FSLR), SunPower (SPWR), SunEdison (SUNE) and Sunrun (RUN) — say the 30% investment tax credit (ITC) has guided their fledgling industry to 1,600% growth in installations over the subsidy’s

SolarCity Swipes SunPower’s Most-Powerful-Panel Title

SolarCity (SCTY) narrowly beat rival SunPower (SPWR) in the race for the world’s most efficient solar panel, according to a test by the Renewable Energy Test Center, says SolarCity. No. 1 solar installer SolarCity’s new panel scored a module efficiency rating of 22.04% allowing it to swipe SunPower’s title, which it had held since 2013 when its X-Series tested with 21.5% efficiency. In laymen’s terms, “that means these (new SolarCity) models are

SunPower Stock Jumps On Q2 Report, Analysts Urge Buy

SunPower (SPWR) stock jumped Wednesday after the No. 2 solar panel maker’s 2015 guidance and Q2 earnings beat some analyst expectations. Late Tuesday, SunPower said it expects non-GAAP revenue of $2.4 billion to $2.6 billion this year, which would be down 3.8% at the midpoint from 2014. S&P Capital, however, had forecast that SunPower’s revenue would fall 15% this year, before rising 33% in 2016. SunPower stock was up 11% in afternoon trading in