Solar energy manufacturer SunPower (SPWR) continued its revenue slide late Tuesday when it reported its third straight sequential decline, with sales plummeting 39% from the year-earlier quarter, its biggest percentage decline since Q4 2011. The revenue drop comes five months after No. 2 solar panel maker SunPower partnered with No. 1 First Solar (FSLR) to create 8point3 Energy Partners (CAFD), a yield company, or yieldco. The IPO prospectus for
Solar company 8point3 Energy Partners (CAFD) raised $420 million Thursday evening, pricing 20 million shares at 21, the high point of its estimated range. The pricing was reported by research firm IPOboutique.com. The stock will begin trading Friday on the Nasdaq exchange. 8Point3 is described as a growth-oriented limited partnership formed by First Solar (FSLR) and SunPower (SPWR) to own, operate and acquire solar energy generation projects. In
The yieldco 8point3 Energy Partners LP, formed by solar energy kingpins First Solar (FSLR) and SunPower (SPWR), is expected to raise approximately $420 million in an initial public offering scheduled to begin trading Friday. Tempe, Ariz.-based solar module maker First Solar and San Jose, Calif.-based solar panel and system maker SunPower announced in February they would form the yield company, or “yieldco.” A yieldco is a publicly traded