SunPower Corp (SPWR.O) Key Developments |
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SunPower Corp (SPWR.O)

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Latest Key Developments (Source: Significant Developments)

SunPower Corp announces intention to offer $350 million aggregate principal amount of senior convertible debentures
Tuesday, 8 Dec 2015 05:38pm EST 

SunPower Corp:Announces intention to offer $350 million aggregate principal amount of senior convertible debentures.Says debentures will mature in January of 2023.  Full Article

Turlock Irrigation District enters power purchase agreement with SunPower
Wednesday, 11 Nov 2015 08:00am EST 

Turlock Irrigation District and SunPower Corp:Says a 20-year power purchase agreement under which TID will buy clean renewable solar power from SunPower.Says To serve the agreement, SunPower is starting construction this month on a 54-megawatt (AC) solar photovoltaic power plant at company's Rosamond Solar site in Kern County, which is expected to be operational by the end of 2016.  Full Article

SunPower acquires 1.5 GW U.S. solar power plant pipeline
Monday, 27 Jul 2015 05:05pm EDT 

SunPower Corp:Acquires 1.5 gigawatt U.S. solar power plant pipeline.Says expects to start construction on projects later this year with commercial operation anticipated in 2016.Says expects to offer some of the acquired projects for sale to 8Point3 Energy Partners LP.Acquired 1.5 gigawatts of U.S. solar power plant development assets from Australia-based infigen energy.  Full Article

SunPower Corp to build 100-megawatt solar power plant for NV Energy
Thursday, 23 Jul 2015 08:00am EDT 

SunPower Corp:Has signed a 20-year power purchase agreement with NV Energy.To build a 100-megawatt solar photovoltaic (PV) power plant planned for construction in the Eldorado Valley of Boulder City, Nevada.  Full Article

EnerNOC and SunPower enhance energy intelligence of commercial and industrial customers
Wednesday, 25 Mar 2015 08:05am EDT 

EnerNOC Inc and SunPower Corp:Announces strategic agreement that will enable SunPower's customers to verify the impact of their solar energy investments and drive optimum energy savings with EnerNOC's world-class energy intelligence platform.Under the three-year agreement, EnerNOC will exclusively offer SunPower solar solutions to its enterprise customer base, and SunPower will exclusively offer EnerNOC's energy intelligence software to its commercial and industrial solar customers in the U.S. and Canada.As part of the agreement, SunPower will start deploying EnerNOC's SaaS (software as a service) solution bundled with solar to its existing enterprise and institutional customers.  Full Article

SunPower Corp gives Q1 2015 guidance below analysts' estimates; withdraws FY 2015 guidance
Tuesday, 24 Feb 2015 08:00am EST 

SunPower Corp:Expects Q1 2015 consolidated non-GAAP revenue of $410 million to $460 million.Expects Q1 2015 non-GAAP net income per diluted share of $0.05 to $0.15.Expects Q1 2015 GAAP revenue of $420 million to $470 million.Expects Q1 2015 GAAP net loss per diluted share of $0.20 to $0.10.Believes that its underlying business fundamentals for FY 2015 remain strong.Says that as a result of its intention to form joint YieldCo vehicle with First Solar, the company is withdrawing its previously disclosed FY 2015 guidance until such time the company can finalize impact of the proposed YieldCo vehicle on its expected financial performance.Q1 2015 revenue of $545 million and EPS of $0.25 - Thomson Reuters I/B/E/S.  Full Article

SunPower Corp gives FY 2015 EPS guidance below analysts' estimates; reaffirms Q4 2014 guidance
Thursday, 13 Nov 2014 08:31am EST 

SunPower Corp:Expects FY 2015 non-GAAP revenue of $2.4 to $2.6 billion.FY 2015 net income per diluted share of $1.10 to $1.50.FY 2015 revenue of $2.8 bln and EPS of $1.69 - Thomson Reuters I/B/E/S.Now expects Q4 2014 GAAP revenue of $1.12 to $1.17 billion.Q4 2014 GAAP net income per diluted share of $1.00 to $1.25.Q4 2014 non-GAAP guidance remains unchanged.Q4 2014 revenue of $605 mln and EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

SunPower Corporation announces acquisition of SolarBridge Technologies, Inc.
Monday, 10 Nov 2014 01:00am EST 

SunPower Corporation:Announces acquisition of SolarBridge Technologies, Inc.Says SunPower will utilize this technology, which converts direct current (DC) generated by a single solar photovoltaic panel into alternating current (AC), to develop next generation microinverters for use with SunPower's high efficiency solar panels.Says the terms of the acquisition were not disclosed.  Full Article

SunPower Corporation announces 160 megawatt solar panel manufacturing facility in south africa
Tuesday, 4 Nov 2014 12:00am EST 

SunPower Corporation:Announces plans to own and operate a solar panel manufacturing facility in Cape Town, South Africa, to meet the growing demand for solar in that region.At this new plant, SunPower will manufacture its high efficiency SunPower E20/440 Solar Panels and expects to produce up to 160-megawatts (MW) annually.  Full Article

SunPower Corp expands reach in China with second joint venture agreement
Friday, 31 Oct 2014 08:30am EDT 

SunPower Corp:Announced its definitive agreement with Tianjin Zhonghuan Semiconductor Co., Ltd. (TZS); Sichuan Development Holding Co., Ltd.; Leshan Electric Power Co., Ltd.; and Tianjin Tsinlien Investment Holding Co., Ltd.Says to form joint venture with plans to develop and own at least three gigawatts of photovoltaic (PV) power plants in the People's Republic of China (PRC).The power plants, to be located in the Sichuan Province, are expected to be built primarily with high-efficiency, low-concentration photovoltaic (LCPV) technology.Says joint venture, Sichuan Shengtian New Energy Development Co., Ltd., based in Chengdu, Sichuan, PRC, is expected to incorporate the proprietary LCPV SunPower C7 Tracker (C7) technology into the power plants planned for development.Says definitive agreement provides that SunPower will invest up to about $20 mln, amounting to 4.6 pct ownership stake in the venture.The joint venture is subject to the approval of the PRC government, with initial LCPV deployment expected to begin in 2015.  Full Article

SunPower loss bigger than expected as power plant business weighs

SunPower Corp , the No. 2 U.S. solar panel maker, reported a bigger-than-expected quarterly loss, largely due to a drop in revenue in its power plant business.