Tag Archives: spwr

SunPower Inks Second China Venture; Solar Stocks Up

SunPower (SPWR) has entered its second joint venture in China to develop and own at least 3 gigawatts of solar power plants, and SunPower stock rose Friday. The San Jose, Calif.-based company said its joint venture is called Sichuan Shengtian New Energy Development Co., based in Chengdu, China. It includes Tianjin Zhonghuan Semiconductor, Sichuan Development Holding, Leshan Electric Power and Tianjin Tsinlien Investment Holding. The power plants

SunPower Q4 Forecast Misses Expectations, Q3 Beats

SunPower on Wednesday guided Q4 earnings and revenue below Wall Street expectations, with the CEO citing the timing of revenue recognition for some of its solar projects. SunPower (SPWR) stock fell 1.7% Wednesday on the report, though the San Jose, Calif.-based company posted Q3 results that solidly beat analyst expectations. SunPower CEO Tom Werner said in a conference call with analysts Wednesday that “timing uncertainty” of revenue to be

Video: SunPower Q3 EPS Tops Views; Q4 Outlook Tepid

SunPower (SPWR) early Wednesday reported that strong demand in the U.S., China and Japan helped boost Q3 earnings and revenue, which beat analyst expectations. But its earnings forecast for the current quarter fell short of views, and its stock fell. The San Jose, Calif.-based company reported EPS ex items of 30 cents, down 32% from the year-earlier quarter. Revenue rose 14% to $704.2 million. Analysts polled by Thomson Reuters had modeled EPS ex