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Solar stock #4: SunPower (SPWRA)

Posted Aug 16th 2009 11:00AM by Tobin Smith (RSS feed)
Filed under: Stocks to Buy, Green Stocks

solar stocks On July 24, Northern California-based SunPower Corp. (NASDAQ: SPWRA) stunned the Street with a red-hot earnings beat. For Q2, SunPower reported earnings of 24 cents per share, beating consensus by 10 cents. Revenues rose 39% year-over-year to $298 million versus the $263 million consensus. The company also issued upside guidance for fiscal year 2009, seeing EPS of $1.15 to $1.60, compared to the consensus of 96 cents.

In a really bullish sign for SunPower going forward, the company also reiterated its 2009 capex guidance of $250 million to $300 million.

Continue reading Solar stock #4: SunPower (SPWRA)

United States brain power is winning again

Posted May 4th 2007 12:49PM by Eric Buscemi (RSS feed)
Filed under: Earnings Reports, Industry, Commodities, Oil, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP)

As the hubris of non-democratic nations like Venezuela and Iran builds, feeling more manly as they receive windfall profits from higher oil prices, U.S. brain power once again looks like it will triumph.

While it will take decades to replace our dependence on foreign oil, the powerful results reported by First Solar Inc (NASDAQ: FSLR) and Sunpower Corporation (NASDAQ: SPWR) plus others point to the first stages of finding serious solutions for alternative fossil fuel sources.

First Solar reported first quarter revenue of $66.9 million and net income of $5 million, smashing Street estimates. The stock was up over $5 in yesterday's trading.

Sunpower, which we have been blogging about for a while, was up slightly in yesterday's trading along with Trina Solar Ltd ADS (NYSE: TSL) and JA Solar Holdings Co Ltd ADS (NASDAQ: JASO). After decades of the alternative power stocks floundering, these stocks have products, revenue and earnings.

Brain power will always win out over digging stuff out of the ground.