Tag Archives: spwr

SunPower Gets Upgrade On Possible Yieldco, Growth

JPMorgan on Friday upgraded SunPower, citing the solar company’s growth potential and the likelihood that it could soon form a “yieldco.” JPMorgan upgraded SunPower (SPWR) stock to overweight from neutral and reiterated its price target of 43. SunPower stock was up 2.3% in afternoon trading in the stock market today, near 33.30. SunPower stock on Thursday touched a four-month low of 31.49. “SunPower had 605 megawatts of projects under contract at

Video: Verizon, SunPower Ink Deal For New Solar Sites

Wireless carrier Verizon Communications (VZ) said Monday it will spend nearly $40 million to build 10.2 megawatts of new solar energy systems at eight of its sites in five states. New York-based Verizon said it had contracted with San Jose, Calif.-based solar developer SunPower (SPWR) to design and install the systems, for rooftop and ground-mounted solar-power systems in California, Maryland, Massachusetts, New Jersey and New York. More than

First Solar Up, Q2 Miss Attributed To Project Delays

First Solar (FSLR) stock rose Wednesday and the No. 1 solar energy company got an upgrade, though the company’s Q2 earnings late Tuesday missed Wall Street estimates. First Solar CEO Jim Hughes said project delays hurt last quarter’s results but are not a long-term financial overhang for the company. First Solar stock was up 1.5% in afternoon trading in the stock market today, near 64.50. Last week, solar energy firm SunPower (SPWR) missed with