Sunpower Corp. (MM) (SPWRA) News

The Future of Solar points to China
http://editorial.equities.com/energy/blue-skies-or-dark-clouds-ahead-for-solar/

Blue Skies or Dark Clouds Ahead for Solar?
http://editorial.equities.com/energy/blue-skies-or-dark-clouds-ahead-for-solar/

Solar's Good News - Capacity Plans Cut Back

One of the major problems facing the solar industry this year is that, despite a demand slowdown, the main Chinese solar players have continued to forge ahead with major plans to build out even more capacity. STP has just announced a hold on capacity through to the end of 2012 - joining three others in cutting back on planned build-out. For more detail see -

http://www.cleanenergyintel.com/2011/11/solars-good-news-cut-backs.html

This is undoubtedly good news.

Nice find brother-reconranger

Politics Surrounding Solyndra Getting Worse For Solar -

Politics Surrounding Solyndra Getting Worse for Solar - Rep Michael Burgess has indicated that the House Energy and Commerce Committee now wants Energy Secretary Chu to give evidence directly. This level of politization can only assure that the sector is going to face a constant stream of negative headlines on the Solyndra issue. More detail -

http://www.cleanenergyintel.com/2011/09/solydra-update-more-politics-as-focus.html

STAND BY!!
http://money.cnn.com/2011/09/16/technology/energy_loan/index.htm?hpt=hp_t2



LOAD UP!

Sunpower announces proposal to reclassify Class A and Class B common stock into a single class of common stock (SPWRA) 11.98 +0.16 : Co announced that its board of directors has authorized and will recommend that shareholders approve a proposal to reclassify all outstanding shares of the company's Class A common stock and Class B common stock into a single class of common stock on a one-for-one basis. The new common stock will have the same voting powers, preferences, rights and qualifications, limitations and restrictions as the current SunPower Class A common stock... As previously disclosed, Total (TOT) Gas & Power USA, SAS, who currently holds a majority of SunPower's outstanding Class A common stock and a majority of its outstanding Class B common stock, has agreed in the Tender Offer Agreement with SunPower to vote all shares acquired in the tender offer in favor of the reclassification.

Upset about SPWRB price disparity

I am getting really annoyed with the widening price disparity between SPWRB and SPWRA. B shares have more voting power and each B share has always represented exactly the same ownership interest as A shares. TOTAL SA is going to somehow do away with the class distinction, not sure how, legally. In any event, my question is this:

When the new class of stock is created, is there any legal way that TOTAL can give LESS than an equal amount of the new shares for each B share, than they give for each A share?

Jefferies downgraded its rating on SunPower Corporation (NASDAQ: SPWRA) from Buy to Hold. At the same time, Jefferies lowered its price target on the company's stock from $26 to $19. In a research report published today, Jefferies explained its decision by arguing the company's stock will be weak after the takeover by Total is completed.

In the report, Jefferies states, "We remain optimistic on the Total synergy longer term, but the current state of the industry does not warrant a Buy on SPWR at this time. We are confident the acquisition will close soon, and believe the stock will be weak afterwards in light of lowered FY11 guidance."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1148683/jefferies-downgrades-sunpower-corporation-to-hold-reduce#ixzz1Oh8zDoiW

Sea Energy(SEA:LSE)

If you don't have a global account can get this at the OTC under ticker SEYXF. Up another 30% on the LSE with plenty of room to run. Those in the UK see this one going much higher.

http://www.seaenergy-plc.com/

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0007219479GBGBXAIM

Great news. I bought in a short few months ago under $12. going along for the ride.

Huge News folks. Up above $22 pre-market already...

http://www.reuters.com/article/2011/04/28/sunpower-idUSN2828620020110428

longterm target ???

"Policy leads to a market, which leads to jobs," said SunPower Chief Executive Officer Tom Werner, who attended the signing ceremony in a neck brace after a bicycle accident last week. "A broken neck couldn't keep me away," he told the crowd.

SunPower also scored a significant win on Tuesday when the U.S. Department of Energy conditionally committed $1.2 billion in loan guarantees to a solar power plant that the company plans to build in San Luis Obispo County. The California Valley Solar Ranch is expected to generate up to 250 megawatts of electricity, supplying 60,000 homes.



http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/12/BUA91IVBDL.DTL

Good solar play in today's poor nuclear environment.

SunPower Oasis Power Plant Block Now Available in Europe

European Photovolatic Solar Energy Conference

VALENCIA, Spain, Sept. 6 /PRNewswire/ -- At the European Photovolatic Solar Energy Conference, SunPower Corporation (Nasdaq: SPWRA, SPWRB), today announced that its SunPower Oasis(TM) Power Plant (SunPower Oasis) product, a fully integrated, modular solar power block, is now available in Europe. SunPower Oasis scales from 1-megawatt ac (MW) distributed installations to large central station power plants and provides a cost-effective way to rapidly deploy utility-scale solar projects, streamlining the development and construction process.


SunPower Oasis is engineered from the ground up to optimize use of available land. Each power block integrates the SunPower(®) T0 Tracker with SunPower's high-efficiency, 425-watt utility solar panel, pre-manufactured system cabling, the Oasis smart inverter, and the Oasis operating system. SunPower Oasis also features the SunPower advanced Tracker Monitoring and Control System (TMAC(TM)) for wireless control of the power plant. The power block kits are shipped pre-assembled to the job site for rapid field installation, and offer the highest capacity factor and the most reliable long-term performance.


"SunPower Oasis is a ground-breaking, utility-scale solar solution that optimizes energy production, installation speed, material cost, and long-term reliability," said Gian Maria Ferraro, vice president and general manager, SunPower Europe. "With this revolutionary new product, we have the ability to design and scale to any size power plant, supporting the shape complexities of the European sites."


The SunPower Oasis operating system is designed to support future grid interconnection requirements for large-scale solar power plants, such as voltage ride through and power factor control. It also features utility-standard SCADA operation and analytical tools, which include intelligent sensor and control networks for optimized power plant operation.


"SunPower Oasis meets the needs of utilities, investors, developers, and the local community," said Howard Wenger, president, SunPower Utility and Power Plants. "SunPower's proven technology and experience is reflected in this new product which will substantially lower the cost of power plant ownership by significantly reducing balance of systems, development and operational costs."


SunPower has installed more than 120 ground-mounted power plants globally, representing more than 300 MW of operating power generation. The SunPower Oasis power plant, first announced in the U.S. earlier this year, is now available in the EU for design and development, with construction expected to start in the third quarter of 2011. Additional information about the product can be found at www.sunpoweroasis.com.


About SunPower

Founded in 1985, SunPower Corp. (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.


Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "will" "future," and "expected" to identify forward-looking statements in this press release, including expectations regarding (a) SunPower Oasis's ability to optimize energy production, installation speed, material costs, and long-term reliability, and streamline the development and construction process, (b) SunPower Oasis's ability to support future grid interconnection requirements for large-scale solar power plants, such as voltage ride through and power factor control, (c) SunPower Oasis's ability to substantially lower costs by reducing balance of system, development and operational costs, and (d) SunPower Oasis's expected construction start date in Europe in the third quarter of 2011. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) the price the company pays for its supply of raw materials, components, and solar panels, (ii) construction difficulties or potential delays, including permitting and transmission access and upgrades, and the company's ability to successfully begin construction of SunPower Oasis in the EU in the third quarter of 2011; (iii) evolving regional permitting, financing, grid interconnection, technical, and other customer or regulatory requirements, and SunPower Oasis's ability to satisfy such requirements; and (iv) other risks described in SunPower's Annual Report on Form 10-K for the year ended January 3, 2010 and Quarterly Report on Form 10-Q for the quarter ended July 4, 2010, and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.


SunPower and Oasis are trademarks or registered trademarks of SunPower Corp. All other trademarks are the property of their respective owners.





SOURCE SunPower Corp.

Nice find. Thanks for posting.

NEWS: $23B in ARRA Investments over next three years to be more than the last 30 years.

"In total, more $23 billion of ARRA investments support renewable energy - including investments that directly contribute to the doubling U.S. renewable energy generation capacity (from 28.8 GW to 57.6 GW) by 2012. This means installing as much renewable energy generating capacity in the next three years as the U.S. had in the previous 30 years."

Next 3 years will be huge!

http://www.solarindustrymag.com/e107_plugins/content/content_lt.php?content.6114

NEWS: The World’s First Hybrid Solar Power Plant Officially Opened in Australia

1,350 Sunpower solar panels...

Sun tracking system....

http://uk.ibtimes.com/articles/20100825/world-rsquofirst-hybrid-solar-power-plant-officially-opened-australia-pilbara-solar-diesel-power-sta.htm

NEWS: 250MW EIR for San Luis Obispo County

San Luis Obispo County 1st county in the US to prepare EIR for a large scale solar facility...

250MW...

Go Mustangs!

http://www.greentechmedia.com/articles/read/sunpower-california-valley/

Cool Article

I can't help but love this price....

http://www.businessweek.com/investor/content/aug2010/pi20100824_544824.htm

Anybody around?

Q2-2009 Institutional holders, more buyers than sellers. $22.61 was Q2 low.

http://www.nasdaq.com/asp/holdings.asp?symbol=SPWRA&selected=SPWRA&FormType=Institutional

Support and resistance levels:

$39.65 1/8/09
$35.94 2/9
$33.45 7/31
$30.90 8/10
resistance
$26.57 8/17/09
support
$25.21 5/14
$24.85 7/16
$22.61 4/28 Q2 low
$22.35 7/10
$20.91 3/17 Q1 low

$27.90, the 50% principle.
spwra was @:
$33.45 on 7/30
$22.35 on 7/10

difference between the two is $11.11;
divide by 2= $5.55, which is the 1/2 point between above prices and = $27.90.
The 50% principle, about where we are right now.

So if $27.90 holds? this is the bottom of the "correction" from $33.45 post earnings high;
or if < $27.90, IMO, we might move closer to the $22.35 pre earnings price.

STRONG !!!!

SunPower Reports a Strong Q2, Raises Guidance

http://seekingalpha.com/article/151117-sunpower-reports-a-strong-q2-raises-guidance?source=email

J.P. Morgan analyst Christopher Blansett Thursday morning shuffled his ratings on some solar stocks, advising investors to “shift to a more defensive stance.” For the second half, he expects “an uncertain landscape for solar energy companies with both positive and negative forces in play that are likely to cause solar energy stock prices performance to be choppy and relatively range bound.” Here’s a rundown on his revised ratings:

* Energy Conversion Devices (ENER): Launches with Overweight rating. “We think the company is currently trading like a value stock while participating in a high-growth industry.” He writes ENER has been one of the most aggressive in cutting capital spending and conserving cash, “causing us to believe the stock has limited downside risk.”
* Evergreen Solar (ESLR): Upgraded to Overweight from Underweight, “as there appear to be few expectations built into this stock.” He asserts that the stock trades at a significant discount to peer module makers due to its historical poor product development performance, but that the company’s new Devens facility is operating smoothly, allowing ESLR to participate in the next demand upturn and perform at least in line with peer module makers.
* Ascent Solar (ASTI): Upgraded to Neutral from Underweight, “as the company looks to be ahead of schedule in terms of product development. A new focus on military and aerospace applications is “very positive as it allows Ascent to sell high-margin products with little competition,” although he adds that “risk stil remains as the company has yet to ramp into full production.”
* First Solar (FSLR): Downgraded To Neutral, from Overweight. “We the current stock price does nto reflect a potential negative margin reset or the possibility Germany could make a larger than sceduled subsidy reduction in 2010,” he writes. The analyst all worries that crystalline silicon modile makers who are benefiting from low poly prices will continue to price aggressively, even at their own cash costs.
* SunPower (SPWRA): Upgraded to Neutral from Underweight. “SunPower will benefit from lower poly costs and a rebound in the U.S. market, but is spending excessive cap ex in our view and is fighting a declining module ASP trend.”

On June 29, Wells Fargo & Co. (WFC) (Analyst Report) and solar panel maker SunPower Corp. (SPWRA) (Analyst Report) entered into a collaboration to fund up to $100 million in commercial-scale solar systems for businesses and public institutions.

As per terms of the agreement, SunPower will build and maintain the solar systems, which will be financed and owned by Wells Fargo. This will allow commercial customers to buy electricity from SunPower at rates that are competitive with retail prices. This will prove to be a long-term hedge against rising power prices for customers and also enable them to take advantage of the environmental and financial benefits of solar power without any initial capital investment.

The initial projects being financed under the program include a 1.1-megawatt system for the University of California, Merced, and a 1 MW system for the Western Riverside County Regional Wastewater Authority. Both projects are expected to be completed by the end of 2009.

The deal is a step in the positive direction especially as financing for solar and other renewable power projects has diminished due to turmoil in credit markets and the global economy. Wells Fargo predicts immense opportunities over the next several years in the renewable-energy markets.

Wells Fargo has provided more than $1.75 billion in financing for renewable energy projects since 2006. This includes 27 wind projects, more than 150 commercial-scale solar projects and 1 utility-scale solar thermal project. SunPower has more than 500 large public and commercial solar power systems installed or under contract, representing more than 400 megawatts.

We maintain a Hold recommendation on the shares of Wells Fargo.

Wells Fargo (WFC) has agreed to finance up to $100 million of solar energy projects to be built and maintained by SunPower (SPWRA)

http://seekingalpha.com/article/146605-wells-fargo-banks-on-100m-solar-financing

Short % of Float (as of 25-Jun-09)3: 36.90%

On earnings watch...

Climbing out of hole now.

ALERT SPWRA IN FREE FALL.

Somthing wrong there.......

Told you so - it's on the move... Anyone listening???

This looks ready to move again - anyone watching??

WalMart News today!

yeah sure . .. you can short it also' ;)

Thats what I was afraid of. Lol. Best of luck to you guys :)

SunPower and City Solar Sign 100-Megawatt, Three-Year Customer Agreement

SunPower to Supply German Solar Integrator with Commercial and Ground Mount Systems to Meet Strong Demand for Solar

SAN JOSE, Calif., Dec. 1 /PRNewswire-FirstCall/ -- SunPower Corporation (Nasdaq: SPWRA - News, SPWRB - News), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced it has signed a customer contract with German solar power plant integrator City Solar Kraftwerke AG.


Over the next three years, SunPower will provide City Solar with solar panels and commercial rooftop and ground mounted systems. This includes at least 100 megawatts of SunPower's high-efficiency solar panels, the SunPower® T10 Solar Roof Tile for commercial rooftop installations, and the SunPower® T0 Tracker and SunPower® T20 Tracker for utility-scale, ground mounted systems.

"Solar continues to grow in Germany and throughout Europe, and demand for SunPower products remains strong," said Howard Wenger, SunPower's president, global business units. "We welcome City Solar as a new partner to deliver SunPower's high-efficiency solar panels and tracking systems to commercial and power plant customers."

City Solar Kraftwerke AG is one of the leading producers of large scale photovoltaic plants. Since 2003, the company has designed and built turn-key solar power plants at both the ground level and on rooftops.

"With this deal, we can offer our commercial customers SunPower's high-efficiency solar panels and patented rooftop and ground mounted tracking systems, which can significantly increase their energy output," said Steffen Kammler, City Solar president and CEO. "We are very pleased and excited to grow our global business using SunPower's proven technology."

The SunPower T10 Solar Roof Tiles are non-roof penetrating and tilt at a 10-degree angle to increase energy capture. The SunPower Tracker is a single axis design that enables solar panels to automatically track the sun's movement throughout the day, increasing sunlight capture by up to 25 percent. The SunPower T20 Tracker minimizes tracking expense relative to solar power plant capacity factor by increasing sunlight capture by up to 30 percent over conventional fixed-tilt systems.

well, no

Looks promising. Anyone think it will hold @ these levels when the recent exuberance in the market dies down?

SPWRA up quasi 100% in 4 days !

ibox updated

SunPower Completes 18-Megawatt Olivenza Solar Power Plant in Badajoz, Spain
Monday November 24, 3:05 am ET

MADRID, Spain, Nov. 24 /PRNewswire-FirstCall/ -- SunPower (Nasdaq: SPWRA - News, SPWRB - News), a manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced the completion of the 18-megawatt Olivenza solar electric power plant in Badajoz, Spain.


SunPower installed its proprietary SunPower® T20 Tracker solar tracking system at the site, covering a total of approximately 70 hectares. The SunPower Tracker follows the sun as it moves across the sky, increasing sunlight capture by up to 30 percent over conventional fixed-tilt systems.

"SunPower has extensive experience building solar power installations and the technology to maximize energy production at the site. Their expertise was a key factor in the successful completion of this project. To date, production performance has exceeded expectations," said Jose Tejada of 360 Corporate, a member of the consortium of equity investors who financed the project.

"SunPower's innovative solar tracker technology is part of our turnkey solar solution," said Mario Riello, European sales director of SunPower. "The SunPower Tracker solar power system is a proven and reliable solution for maximizing energy delivery, while optimizing land use and reducing related costs."

Construction on the project was completed in the spring, and the plant was connected to the power grid by the regional government in July.

From the company's Madrid office, SunPower has completed construction of more than 165 megawatts of Spanish power plants, and supports a network of local independent dealers installing commercial rooftop solar power systems throughout the country. Worldwide, SunPower has installed 500 solar power systems totaling more than 400 megawatts.