SunPower Corp.: Something New Under The Sun

It doesn't take a genius to realize that the time may well be here to start investing in alternative energy sources. Solar energy, the cleanest and most renewable source of electrical power, has long been thought of as a bit of a pipe dream -- good in principle, but not as easy to put into practice. But SunPower Corporation (SPWR) the Silicon Valley-based manufacturer of solar electrical systems for homes and businesses, shows us there might be something new under the sun.

SunPower's 15 years of research and development have put it at the forefront of its field in both form and function: Its innovative technologies generate up to 50% more power than conventional solar energy systems, and its sleek black panels look so good they now grace the roof of the new Shiseido factory in New Jersey. With an exceptional product and lower overhead than its competitors due to its outsourced production facilities in Southeast Asia, SunPower looks to be able to shine brightly among its bigger competitors like Sharp (SHCAY.pk) or Nanosolar.

Clearly, SunPower is doing something right. Its recently-announced third quarter earnings show that revenue for the company is up 34% this quarter -- and over 250% from last year. And, if the company's estimates are to be believed, next year looks to be even brighter, with new product lines and new facility contracts on the horizon.

With the stock price rising steadily over the past two years, and international demand for clean energy technology ever increasing, SunPower may just be that environmentally friendly stock you've been looking for. Of course, if fossil fuels suddenly become cheap, plentiful, renewable and environmentally friendly, stock in a solar power company may not be the best option. But let's face it -- what are the chances of that happening anytime soon? Oil just went above $90 a barrel!

Type of stock: SunPower designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers.

Price Target: SunPower should hit $120 within the next six months.

Comments

[petyaczar:]

Every single daily cycle (24hours) the Sun pours more energy onto the Earth than has been used by man since the dawn of man. - and women too!

Easy calculation - check it out.

A physicist with a sunny disposition.

2007 Oct 28 01:16 PM

[petyaczar:]

OH YEAH I FORGOT

The sun is absolulety "clean" and it is better than a renewable resource. It is a constant and infinite - well 1 Billion years or so - source of limitless power.

also check out STP and ESLR

2007 Oct 28 01:20 PM

[PESSIMISTIBULL:]

interesting

2007 Oct 28 04:41 PM

[JJTT:]

Stock trading at $117 Friday before article released. Author makes bold price prediction of $120 within 6 months. WOW. BOLD PREDICTION!

2007 Oct 28 06:00 PM

[Bylo-:]

At noon today SPWR was $122. That was the fastest 6 months I've ever experenced! I thought time would fly after I retired but this is rediculus!

2007 Oct 29 03:05 PM