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SPWR

SunPower Corporation

5/21/2013, 6:22 AM ET

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Monday, May 20, 10:45 AM JA Solar (JASO +34.4%) is now skying higher following its Q1 beat and full-year shipment guidance reiteration, and is providing fresh fuel for the colossal solar stock rally that started last fall (TAN +4.4%). TSL +13.3%. DQ +20%. LDK +9.9%. JKS +10.3%. SCTY +11.6%. SOL +9.4%. CSUN +8.9%. SPWR +4.9%. ASTI +9.4%. YGE +8.4%. CSIQ +6.6%. The fact 38% of JA's Q1 module shipments went to Japan (a market with higher ASPs/margins than China) is likely going over well with investors. 6 Comments [Tech, On the Move, Earnings]
Thursday, May 16, 9:14 AM Premarket gainers: RGDX +24%. EGLE +23%. EFUT +19%. TSLA +13%. CSCO +13%. SCTY +11%. DQ +9%. HALO +8%. DANG +7%. AV +7%. YRCW +8%. NBG +7%. KSS +7%. SPWR +6%.
Losers: NCT -53%. SNFCA -24%. AMD -10%. NQ -7%. CYCC -5%. Comment! [On the Move]
Wednesday, May 15, 9:17 AM SunPower (SPWR) +7.5% after providing strong guidance ahead of today's analyst day, which starts at 10AM ET (webcast). SunPower expects Q2 revenue of $550M-$600M and EPS of $005-$0.15, above a consensus of $513.3M and -$0.02. 2013 guidance (possibly conservative) is for revenue of $2.5B-$2.6B and EPS of $0.60-$0.80 vs. a consensus of $2.55B and $0.64. Gross margin is expected to fall to 14%-16% in Q2 from Q1's 22.7%, and total 15%-17% in 2013. 2013 free cash flow of $100M-$200 is expected. Shares now +57% since SunPower posted a huge Q1 beat on May 2. FSLR +2.5%. WFR +1.9%. LDK +1.5%. TSL +3.5%. SOL +2.7%. (slides) Comment! [Tech, On the Move, Earnings]
Wednesday, May 15, 9:14 AM Premarket gainers: CHCI +41%. DVR +25%. CLNT +14%. VIPS +13%. EJ +11%. AFFY +9%. CHLN +9%. SPWR +8%. AVEO +5%.
Losers: XONE -10%. RMTI -8%. WMC -5%. 2 Comments [On the Move]
Monday, May 13, 11:27 AM SolarCity (SCTY +18.6%) is skyrocketing ahead of today's Q1 report - does someone know something? - and many other solar peers are also doing pretty well (TAN +4.5%). SOL +9.8%. CSIQ +11.6%. WFR +8%. LDK +9.3%. JASO +5.4%. SPWR +4.8%. FSLR +4.5%. GTAT +5.2%. JKS +7.9%. Short interests for many industry names remain sky-high: SolarCity had 16.6% of its float shorted as of April 30. SunPower was at 29.9%, First Solar 33.4%, and GT Advanced 34.8%. 4 Comments [Tech, On the Move]
Monday, May 13, 9:10 AM Premarket gainers: UNIS +25%. SUTR +20%. THRX +13%. PERI +13%. NBG +11%. IGLD +10%. TSLA +6%. CSIQ +5%. SPWR +5%.
Losers: AFFY -8%. UNXL -5%. Comment! [On the Move]
Friday, May 10, 12:29 PM Volatile/well-shorted solar stocks are ripping higher (TAN +5.4%) to close out a week in which the EU imposed long-expected tariffs on Chinese solar panel imports. TSL +10%. CSIQ +16.1%. STP +9.1%. SCTY +8.6%. SOL +8.3%. JASO +7.5%. FSLR +4.6%. JKS +9.4%. LDK +3.4%. SPWR +7.8% A Reuters column today notes the pace of module price declines is expected to slow, as weaker players are forced out and U.S./emerging markets demand gradually soaks up excess capacity. 4 Comments [Tech, On the Move]
Tuesday, May 7, 10:43 AM Solar stocks head south (TAN -3.3%) in sympathy with First Solar, which is giving back some of this year's huge gains in response to a Q1 miss, a margin drop, and pipeline visibility concerns. SCTY -8.1%. LDK -6.2%. JASO -5.9%. SPWR -4.8%. CSIQ -4.3%. WFR -3.8%. YGE -3.5%. TSL -3.4%. GAT -3.1%. JKS -6.2%. The declines come a few days after a rally triggered by SunPower's strong Q1. Comment! [Tech, On the Move]
Thursday, May 2, 4:01 PM More on SunPower: $216M in free cash flow was generated in Q1, leading the company to end the quarter with $506M in cash. Revenue fell 1% Y/Y. Americas revenue (72% of total) +15% Y/Y, EMEA -56%, Asia-Pac +46%. Revenue was recognized on 173MW of module shipments, down from 225MW in Q4 and 196MW in Q1 2012. 208MW of cells were produced, up from Q4's 153MW and down from Q1 2012's 288MW. Capex was just $12M (-68% Y/Y). Americas had a healthy 32.5% gross margin, EMEA a not-so-healthy -32.2%, Asia-Pac 18.2%. Q2 guidance to be provided during May 15 analyst day. SPWR +17.6%. (data sheet) (slides) (PR) Comment! [Tech, Earnings, On the Move]
Thursday, May 2, 3:47 PM SunPower (SPWR +12.4%) soars in the final hour of trading as earnings slides leak ahead of this afternoon's Q1 report. The slides indicate SunPower posted Q1 revenue of $574.6M and EPS of $0.22, trouncing a consensus of $507.7M and $0.06. Gross margin was 22.7%, up 400 bps Q/Q and 1000 bps Y/Y. (data sheet) 3 Comments [Tech, On the Move, Earnings, Breaking News]
Thursday, May 2, 12:10 AM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Wednesday, May 1, 5:35 PM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Friday, April 26, 1:03 PM Midday top 10 gainers: LOGM +24%. LAS +17%. CTCT +16%. NR +15%. DQ +15%. WBSN +14%. QLIK +13%. CPGI +13%. SPWR +12%. CSIQ +12%.
Midday top 10 losers: DYAX -32%. HXM -23%. DLA -16%. IKAN -16%. KEG -15%. FALC -14%. COBR -13%. PKI -13%. XIDE -12%. MMSI -12%. Comment! [On the Move]
Friday, April 26, 7:52 AM SunPower (SPWR) +4.4% premarket after shares are upgraded to Outperform from Neutral with a $16 target price (from $10) at Baird, which cites a growing leasing business, cost reduction initiatives and technology innovations. SPWR's May 15 Analyst Day should provide further transparency into downstream strategies and could be a catalyst for stock performance, the firm says. Comment! [Tech, Energy, Quick Ideas, On the Move]
Wednesday, April 24, 12:59 PM First Solar (FSLR +12.9%) and other solar stocks (TAN +3%) are sharply higher, apparently related to news the MLP Parity Act is being re-introduced today in the House and Senate - a bill that's not likely to even pass and is not a game changer. JKS +12.1%, SPWR +10.7%, STP +11.4%, LDK +9.6%. Comment! [Tech, Energy, On the Move]
Monday, April 15, 12:49 PM Disappointing Chinese GDP data helps fuel a rout in solar stocks (TAN -3.8%). A broader selloff in risk assets isn't helping either. Suntech (STP -21.1%) is the biggest loser, as the Buffett rumor rally officially comes to an end. JASO -11.8%. LDK -10.7%. YGE -8%. WFR -7.9%. GTAT -5.9%. SOL -8.2%. TSL -6.9%. SPWR -5.1%. JKS -8.5%. DQ -5.2%. YGE -8%. Comment! [Tech, On the Move]

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