SunPower Lands Big Contract With PowerLight (SPWR)

Dec.19.05 | About: SunPower Corporation (SPWR)

SunPower Corporation (NASDAQ:SPWR) announced its largest ever product supply contract. The supply agreement with PowerLight Corp., a global solar systems provider, calls for the delivery of $330 million of solar panels from 2005 through 2009. SunPower's industry-leading products will be incorporated into PowerLight's advanced solar power systems for commercial, government and new home residential customers worldwide. [ more ]

SunPower traded up over 6% Friday on the news.

SPWR 2-month chart: