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The Company designs, develops, manufactures, markets and sells solar electric power products, systems and services based on its proprietary processes and technologies.
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PeakStocks (87.84) Submitted: 10/16/06 11:45 PM : Start Price: $26.50 SPWRA Score: 149.23
The company just released the following statement below today. Aside from the fact that they make the most efficient solar panels in the world, they are growing like gangbusters, are profitable NOW, and are increasing top line growth 70% this year, and and over 60% next year to over 370 million in revenue. Profit growth is going to exceed that with a 5 year expected earnings growth of 30% which I think is conservative at best. Get in now before this company doubles within the next year, and hits a long term CAGR of at least 25-30% minimum based on my forcasts over the next 5+ years. Truly groundbreaking work, well run company and management in one of the hottest industries that is only going to grow in the future. Don't say I didn't warn you.----------------------------------------------------------------------------------------SunPower Announces High Power, Higher Efficiency Solar PanelMonday October 16, 8:00 am ET315 Watt Panel Based On New 22 Percent Efficient Gen 2 Solar Cell TechnologySAN JOSE, Calif., Oct. 16 /PRNewswire-FirstCall/ -- SunPower Corporation (Nasdaq: SPWR - News), a Silicon Valley-based manufacturer of the world's highest efficiency, commercially available solar cells and solar panels, today announced its newest solar panel, offering significantly higher power output and conversion efficiency than its current products. The new SPR-315 solar panel utilizes the company's newly developed 22-percent-efficient Gen 2 solar cells and carries a rated power output of 315 watts.ADVERTISEMENT"SunPower continues to lead the solar industry with its innovative technology and smart design," said Peter Aschenbrenner, vice president of marketing and sales. "Our new SPR-315 solar panel breaks the 300 watt power barrier while offering even higher efficiency than SunPower's previous industry-leading products.SunPower will showcase its SPR-315 high power solar panel at this week's Solar Power 2006 Conference and Expo in San Jose, Calif. The new design incorporates 96 of SunPower's Gen 2 solar cells that offer improved panel efficiency through a combination of enhanced cell architecture and improved packing density. Compared with conventional solar panels, the new SPR-315 allows customers to generate up to 50 percent more power per square foot of roof area with half as many panels.Aschenbrenner added, "The new SPR-315 solar panel enables our customers to generate more power with fewer panels - maximizing energy production while reducing installation cost. A typical 4 kilowatt (AC rating) solar system requires 30 conventional 160 watt panels and covers 410 square feet of roof space. Our new SPR 315 panels produce an equivalent amount of power using only 15 solar panels on 265 square feet."SunPower's solar panels have no moving parts, creating pollution-free electricity with no noise and low maintenance. In addition, due to SunPower's all back contact solar cell design, its high-tech, high-performance solar panels perform better than most other solar panels during cloudy or hot weather.The new SPR-315 solar panel is planned for commercial availability in the Spring of 2007.
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arm847 (34.97) Submitted: 10/22/07 1:42 AM
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I think they are buying volume with price, and may be having difficulty in getting their productivity with scale. 10/21/07 SPWR95.56, -1.45, -1.5%) on Thursday said third-quarter net income fell 12% to $8.43 million, or 10 cents a share, from $9.57 million or 13 cents a share in the year-ago period. Non-GAAP net income in the latest period was 33 cents a share. Revenue rose sharply to $234 million from $65.3 million in the year-ago period. Analysts surveyed by Thomson Financial forecast earnings of 28 cents a share and revenue of $209.7 million, on average. The San Jose, Calif. photovoltaic firm expects 2008 revenue of $1.1 billion to $1.25 billion and a non-GAAP diluted net income per share of approximately $1.90 to $2.05 a share, compared to the Wall Street target of $1.98 a share. (Updated to include non-GAAP earnings number in latest quarter.)
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bendlund (99.04) Submitted: 11/16/07 3:03 PM
CY holds about 44.5 million shares of SPWR valued around $5.2 billion, and has a market cap. of $5.1 billion and a profitable semiconductor business as well. In addition, the shares CY holds are class B shares with a total of around 90% of the voting rights for SPWR. I expect that over time CY will show better performance than SPWR (though SPWR may do very well).
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