Mon, Jul. 27, 5:29 PM
- SunPower (NASDAQ:SPWR) has bought the project pipeline from Australia's Infigen Energy for an undisclosed sum. It includes projects "in varying stages of development across 11 states."
- Some of the projects are expected to go to the company's 8point3 Energy (NASDAQ:CAFD) YieldCo JV with First Solar (recently went public). The pipeline includes 55MW of projects in Kern County, CA for which SunPower expects to begin construction this year, and begin commercial operation in 2016.
- SunPower recognized revenue on 736MW of solar plant deals in 2014, and 115MW in Q1. Q2 results arrive Tuesday afternoon.
- SPWR +0.5% AH to $25.23.
Nov. 10, 2014, 10:08 AM
- SunPower (SPWR +0.7%) plans to use SolarBridge's microinverters, which convert the DC power generated by solar panels into AC power, in tandem with its high-efficiency panels. Deal terms are undisclosed.
- Whereas traditional string inverters convert the power generated by a group of solar panels (often 10 or more), microinverters convert power for individual panels. The former solution is cheaper, while the latter is more reliable, enables quicker expansion, and makes it easier for individual panels to be performance-optimized.
- Enphase (ENPH -0.7%) currently has a dominant position in the U.S. microinverter market.
Nov. 4, 2013, 11:37 AM
- SunPower (SPWR +10.3%) has acquired Greenbiotics, a provider of robot-powered cleaning services for solar modules used in utility-scale projects. The all-cash deal is expected to be accretive SunPower's earnings.
- SunPower notes Greenbiotics' robots have been used to "wash hundreds of megawatts of systems in the Southwest and Western U.S.," and claims the robots are less costly and use 90% less water than traditional cleaning methods.
- Greenbiotics' offerings will be integrated with SunPower's Oasis Power Plant solution (meant for utility-scale projects), as is expected to be used with other products/services. SunPower expects customers in dry/dusty environments such as the Western U.S., the Middle East, and Chile to benefit.
- SunPower's system-level sales totaled $341M in Q3, or 52% of revenue. The company is in the middle of ramping construction for a 579MW project sold to MidAmerican Energy.
Apr. 9, 2013, 3:57 PMIt's a busy (and memorable) day for First Solar (FSLR +46.7%): the company has now announced it's acquiring TetraSun, a startup claiming to have developed high-efficiency (21%+) silicon solar cells that can be produced at a cost similar to regular silicon cells. First Solar, which asserts TetraSun's solutions (focused on residential/commercial solar) complement its thin-film solutions (focused on utility-scale solar), plans to begin mass-producing TetraSun-based modules in 2H14. SunPower (SPWR +17.4%) is a major player in the high-efficiency space. (previous) | 7 Comments
Jan. 3, 2013, 5:22 AMBerkshire Hathaway (BRK.A) unit MidAmerican Energy is paying $2-2.5B for two solar projects that it's buying in California from SunPower (SPWR), which is also receiving a three-year contract to build them, and a multi-year deal to operate and maintain them. SunPower closed +9.1% yesterday following news of the deal. The acquisition is Warren Buffett's third major solar PV deal in a year. | 1 Comment
Jan. 2, 2013, 8:37 AMBerkshire Hathaway (BRK.A, BRK.B) subsidiary MidAmerican Energy agrees to acquire the 579 MW Antelope Valley Solar Projects, two solar power plants in Kern and Los Angeles counties in California, from SunPower (SPWR) for an undisclosed sum. The two combined projects would form the world's largest permitted solar photovoltaic power development. | 2 Comments
May 9, 2012, 9:41 AM
Dec. 23, 2011, 8:14 AMSunPower (SPWR) acquires Total (TOT) subsidiary Tenesol SA for $165.4M concurrent with a deal under which Total agrees to purchase 18.6M shares of SunPower common stock in a private placement at $8.80/share - marking a 50% premium to yesterday's close. After the sale of Tenesol, Total will own close to 66% of SunPower's common stock. Shares of SPWR +26.2% premarket, TOT +2.5%. | Comment!
Apr. 29, 2011, 9:37 AM
Apr. 29, 2011, 8:50 AM
Apr. 28, 2011, 4:45 PM
Apr. 28, 2011, 4:16 PM
SPWR vs. ETF Alternatives
Other News & PR