SunPower (SPWR) has bought a 42% stake in Diamond Energy, an Australian renewable energy project...

|About: SunPower Corporation (SPWR)|By:, SA News Editor

SunPower (SPWR) has bought a 42% stake in Diamond Energy, an Australian renewable energy project developer, with an option to grow its stake in time. It's safe to assume Diamond will now rely on SunPower's solar modules. Solar vendors have been working overtime to increase their exposure to system installations (I, II), a business whose margins haven't been thoroughly crushed by intense price competition.