Last $32.98 USD
Change Today -0.35 / -1.05%
Volume 534.2K
SPWR On Other Exchanges
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As of 10:38 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

sunpower corp (SPWR) Snapshot

Open
$32.96
Previous Close
$33.33
Day High
$33.49
Day Low
$32.93
52 Week High
06/27/14 - $42.07
52 Week Low
12/15/14 - $22.75
Market Cap
4.3B
Average Volume 10 Days
4.0M
EPS TTM
$1.81
Shares Outstanding
131.5M
EX-Date
--
P/E TM
18.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for SUNPOWER CORP (SPWR)

sunpower corp (SPWR) Details

SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, including panels, balance of system components, and inverters. It also offers rooftop and ground-mounted solar power systems, including residential systems, commercial roof and ground mounted systems, utility and power plant systems, and utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, including remote monitoring, and preventative and corrective maintenance services, as well as rapid-response outage restoration and inverter repair services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties. The company serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. SunPower Corporation also sells its products to dealers, systems integrators, and distributors. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Total Energies Nouvelles Activités USA.

7,188 Employees
Last Reported Date: 02/24/15
Founded in 1985

sunpower corp (SPWR) Top Compensated Officers

Chairman, Chief Executive Officer And Preside...
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $419.6K
Chief Operating Officer
Total Annual Compensation: $450.0K
President of Business Units
Total Annual Compensation: $450.0K
Executive Vice President of Administration
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

sunpower corp (SPWR) Key Developments

SunPower Corporation Announces Intention to Form Joint YieldCo Vehicle with First Solar, Inc

SunPower Corporation announced that the company is in advanced negotiations to form a joint YieldCo vehicle with First Solar, Inc. into which each company expects to contribute a portfolio of selected solar generation assets. The company believes that this joint venture will drive significant long-term value for shareholders and the company will provide additional details about the joint venture when they are finalized.

SunPower Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 28, 2014; Provides Earnings and Operating Guidance for the First Quarter of Fiscal 2015

SunPower Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 28, 2014. For the quarter, the company reported total revenue of $1,164,238, operating income of $149,041,000, net income of $121,609,000 and net income attributable to stockholders of $134,715,000 or $0.83 per diluted share compared to total revenue of $638,134,000, operating income of $36,674,000, net income of $3,872,000 and net income attributable to stockholders of $22,338,000 or $0.15 per diluted share a year ago period. Net cash provided by operating activities was $122,349,000 against $32,876,000 a year ago. Purchases of property, plant and equipment was $56,997,000 against $8,594,000 a year ago. On Non-GAAP basis, the company reported total revenue of $609,661,000, net income attributable to company of $39,414,000 and diluted earnings per share of $0.26 against total revenue of $758,192,000, net income attributable to company of $72,198,000 and diluted earnings per share of $0.47 a year ago. EBITDA was $84,906,000 against $115,372,000 a year ago. Income before income taxes and equity in earnings of unconsolidated investees was $131,404,000 against $11,246,000 a year ago. For the full year, the company reported total revenue of $3,027,265,000, operating income of $251,240,000, net income of $183,095,000 and net income attributable to stockholders of $245,894,000 or 1.55 per diluted share compared to total revenue of $2,507,203,000, operating income of $158,909,000, net income of $33,550,000 and net income attributable to stockholders of $95,593,000 or 0.70 per diluted share a year ago period. Net cash provided by operating activities was $8,360,000 against $162,429,000 a year ago. Purchases of property, plant and equipment was $102,505,000 against $34,054,000 a year ago. On Non-GAAP basis, the company reported total revenue of $2,618,649,000, net income attributable to company of $205,111,000 and diluted earnings per share of $1.33 against total revenue of $2,602,319,000, net income attributable to company of $221,011,000 and diluted earnings per share of $1.68 a year ago. EBITDA was $373,923,000 against $386,122,000 a year ago. Income before income taxes and equity in earnings of unconsolidated investees was $184,614,000 against $41,583,000 a year ago. The company's first quarter 2015 consolidated non-GAAP guidance is as follows: revenue of $410 million to $460 million, gross margin of 18% to 20%, net income per diluted share of $0.05 to $0.15 and megawatts recognized in the range of 240 megawatts to 270 megawatts. On a GAAP basis, the company expects revenue of $420 million to $470 million, gross margin of 18% to 20% and net loss per diluted share of $0.10 to $0.20. The company expects first quarter capex in the range of $40 million to $50 million.

Total and SunPower Announces Completion of 70 MW PV Salvador Solar Plant in Chile

Total and SunPower Corp. announced the completion of the 70-megawatt PV Salvador project, one of operating merchant solar power plants. Chilean Minister of Energy Máximo Pacheco and executives from Total and SunPower attended the inauguration event in El Salvador in Chile's Atacama Desert. PV Salvador power plant is expected to produce approximately 200 gigawatt-hours of solar electricity per year, enough to supply electricity to approximately 70,000 households in Chile. SunPower designed and constructed PV Salvador. At the 138-hectare site, SunPower installed SunPower Oasis C1 Power Plant technology, featuring proprietary single-axis trackers and over 160,000 SunPower's high-efficiency solar panels. About 300 jobs were created during construction work, many of which were staffed by local residents. SunPower will now provide on-going operations and maintenance. In the desert environment, cleaning the panels using SunPower's robotic cleaning patented technology may help increase annual power production by as much as 15% while using up to 75% less water than conventional panel cleaning methods. PV Salvador will initially operate on a merchant basis where the electricity produced is sold on the spot market and is delivered to the Sistema Interconectado Central (SIC) electricity network. The facility connects through the power infrastructure of Corporación Nacional del Cobre de Chile (Codelco).

 

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Industry Analysis

SPWR

Industry Average

Valuation SPWR Industry Range
Price/Earnings 22.1x
Price/Sales 1.5x
Price/Book 2.9x
Price/Cash Flow 17.9x
TEV/Sales 0.7x
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