First Solar (FSLR) shares heated up Tuesday as the solar panel maker and power-plant builder rolls out a new service to operate and maintain power plants for other companies. The latest product launch comes hot on the heels of announcements to form a yieldco with rival SunPower (SPWR) and a major deal to supply solar power to Apple’s (AAPL) new headquarters. First Solar stock was up 4%, near 63, in afternoon trading in the stock market today. The
First Solar late Tuesday posted Q4 earnings that beat views but revenue that missed, after its new partner — SunPower — early Tuesday reported a Q4 beat but a lower-than-expected Q1 outlook. Tempe, Ariz.-based First Solar’s (FSLR) Q1 outlook also fell well short of views, but, like SunPower, company executives attributed that to the near-term impact of their new partnership. Late Monday, SunPower (SPWR) and First Solar announced plans to jointly
SunPower (SPWR) early Tuesday reported Q4 earnings and revenue that beat Wall Street views, but the company offered Q1 guidance below consensus, which didn’t stop its stock from soaring a day after announcing plans with First Solar to form a publicly traded yield company. San Jose, Calif.-based solar panel manufacturer SunPower reported earnings per share ex items of 26 cents, down 45% from the year-earlier quarter. Revenue fell 20% to $609.7