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SunPower Corp (SPWR.O)

SPWR.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

SunPower enters agreement with First Philippine and First Philec
Tuesday, 26 Jul 2016 06:28am EDT 

SunPower Corp : On July 22 company's unit entered into an agreement with first philippine electric corp and first philec solar corp - sec filing . Company had previously recorded an accrual related to matter, and thus settlement did not have a material impact on statements of operations . Pursuant to terms, SPML has paid a total of $50.5 million to FPSC and FPEC in settlement of all claims between parties . Also pursuant to compromise agreement, SPML will transfer all of its shares in FPSC to FPEC . Agreement to settle claims, counterclaims, disputes, proceedings between company's unit and First Philippine Electric Corp, First Philec Solar Corp Source : (http://bit.ly/2aHbP9p) Further company coverage: [SPWR.O] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

SunPower amends and extends terms of existing credit support agreement with TOTAL S.A
Thursday, 7 Jul 2016 04:05pm EDT 

SunPower Corp: SunPower announces credit facility update . Amended and extended terms of its existing credit support agreement with total S.A through 2018. . Amended and restated initial agreement to reduce amount available under facility to $500 million .With this agreement, total will guarantee SunPower's letters of credit in support of certain company activities.  Full Article

Sunpower awarded 76 percent of France's ZNI tender
Thursday, 7 Jul 2016 02:00am EDT 

Sunpower Corp : Was selected to provide 39.1 megawatts of solar photovoltaic technology . Will design and build five solar power installations in corsica and french west indie .Sunpower awarded 76 percent of france's zni tender.  Full Article

Southern Power acquires controlling interest in 102 MW Henrietta solar project
Wednesday, 6 Jul 2016 09:00am EDT 

Southern Co : Southern Power acquired controlling interest in 102-megawatt (MW) Henrietta solar project in Kings County, California , from Sunpower .Sunpower will own remaining interest in project.  Full Article

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

BRIEF-SunPower enters agreement with First Philippine and First Philec

* On July 22 company's unit entered into an agreement with first philippine electric corp and first philec solar corp - sec filing