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Stock Market & Financial Investment News

News Breaks
May 2, 2013
15:46 EDTSPWRSunPower reports Q1 adjusted EPS 22c, consensus 6c
Reports Q1 revenue $635.4M, consensus $507.73M. Reports Q1 adjusted gross margin 22.7%. Produced 208 megawatts in Q1. "As a result of solid execution, we exceeded our financial targets for the quarter while further strengthening our balance sheet," said Chuck Boynton, SunPower CFO. "We also continued to prudently manage our working capital needs as we reduced inventory and generated $216 million in free cash flow during the quarter. With our strong project backlog, continued growth in residential lease and global focus on improving our cost structure, we remain confident in achieving our 2013 financial targets."
News For SPWR From The Last 14 Days
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April 20, 2015
05:10 EDTSPWRSunPower begins construction on 86 MWp solar project in South Africa
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April 16, 2015
08:43 EDTSPWRSunPower's China joint venture with Apple to provide solar power in China
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April 15, 2015
06:52 EDTSPWRJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 13, 2015
13:59 EDTSPWRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link

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