|Bid||8.790 x 800|
|Ask||8.800 x 1400|
|Day's range||8.720 - 8.880|
|52-week range||6.460 - 11.700|
|PE ratio (TTM)||N/A|
|Earnings date||30 Jul 2018 - 3 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.09|
Zacks Investment Ideas feature highlights: Lennar Homes, First Solar, Sunpower, Tesla and JinkoSolar Holdings
SunPower published a stronger than expected set of Q1 2018 results on Tuesday, driven by strength in its commercial and residential solar operations, although this was partially offset by some headwinds in the power plant space. Below, we provide some of the key takeaways from the company’s results and what lies ahead for SunPower. SunPower continued to perform well in the distributed solar market.
The San Jose, California-based company said it had a loss of 83 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 20 cents per share. The results exceeded Wall ...
SunPower’s performance in the U.S. market could be impacted to a certain extent by the 30% tariff imposed by the Trump administration on the import of silicon-based solar cells and modules. SunPower primarily manufactures its products in Asia-Pacific and Mexico, and the company has noted that the higher costs due to import tariffs have delayed some 2018 projects while making others unviable. The power plant business, which has been transitioning away from project developments towards solutions, is likely to be impacted more than SunPower’s other segments, as panel costs account for a larger part of the system cost.
DGAP-News: SolarWorld AG i.I. / Key word(s): Mergers & Acquisitions/Insolvency23.04.2018 / 08:23 The issuer is solely responsible for the content of this announcement.
SunPower's acquisition of SolarWorld Americas has to do with politics first, financials second. But make no mistake, playing politics could significantly benefit its bottom line.
SunPower (SPWR) aims to expand SolarWorld Americas' operations, post the completion of the deal, to capitalize on the rising demand for U.S. solar installations.
On a mixed day for day the major benchmarks, Intuitive Surgical jumped on strong earnings and SunPower announced it is buying a domestic solar panel factory.
First Solar stock jumped after receiving an upgrade and price-target boost based on expectations of rising solar demand. SunPower acquired solar panel maker SolarWorld
The news sent SunPower's shares up 12 percent on the Nasdaq to their highest level since before President Donald Trump imposed 30 percent tariffs on imported solar panels in January. SunPower is based in San Jose, California but most of its manufacturing is in the Philippines and Mexico.
SunPower Corp.’s new strategy: If you can’t beat them in the tariff game, buy them. The panel maker, which spent more than a year fighting U.S. import tariffs, announced Wednesday it was buying a rival that was instrumental in pushing for them. The purchase of SolarWorld Americas for an undisclosed sum includes an Oregon factory that will help SunPower avoid the duties.
Zacks Industry Outlook Highlights: Jinko Solar, Azure Power Global, Dominion Midstream, SunPower and NextEra Energy Partners
The amount of new solar generating capacity added last year was sharply lower than in 2016, but the reasons for the plunge have nothing to do with its continued viability as a low-cost energy source.