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Last $26.72 USD
Change Today +0.22 / 0.83%
Volume 1.1M
SPWR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

sunpower corp (SPWR) Snapshot

Open
$26.43
Previous Close
$26.50
Day High
$26.88
Day Low
$26.10
52 Week High
09/8/14 - $39.95
52 Week Low
12/15/14 - $22.75
Market Cap
3.6B
Average Volume 10 Days
2.1M
EPS TTM
$1.44
Shares Outstanding
136.4M
EX-Date
--
P/E TM
18.5x
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: $425.0K
Chief Operating Officer
Total Annual Compensation: $450.0K
President of Business Units
Total Annual Compensation: $450.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $390.0K
Compensation as of Fiscal Year 2014.

sunpower corp (SPWR) Key Developments

SunPower Acquires 1.5 Gigawatt U.S. Solar Power Plant Pipeline

SunPower announced that it has acquired 1.5 gigawatts of U.S. solar power plant development assets from Australia-based Infigen Energy. With the acquisition, SunPower has assumed ownership of projects in varying stages of development across 11 states. Included in the development portfolio are three projects totaling 55 megawatts (AC) with power purchase agreements with Southern California Edison. All three are located in Kern County, Calif. SunPower expects to start construction on these projects later this year with commercial operation anticipated in 2016.

SunPower Corporation Launches X-Series Solar Panels for Japan's Rooftop Market

SunPower Corporation announced at PV Japan 2015 that the company is making its X-Series Solar Panels available in Japan in early 2016. The X-Series is a product line for the rooftop market that offers an unprecedented 21.2% nameplate efficiency. Compared with conventional solar panels, X-Series panels deliver approximately eight to ten percent more energy per rated watt and approximately 70% more energy production over the first 25 years. X-Series solar panels are made with third-generation Maxeon solar cells by SunPower Corporation, which are built on a solid copper foundation for high reliability and performance. This foundation makes them virtually impervious to the corrosion and cracking that typically degrade conventional panels. As a result, solar panels by SunPower Corporation are backed by the industry's first combined 25-year product and power warranty. The X-Series will be available in Japan in 2016 in a 345-watt model. The X-Series panels join the E20 Series Solar Panels by SunPower Corporation, offering customers a choice of high efficiency products from the company.

SunPower Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Full Year of 2016; Revises Earnings Guidance for the Year 2015

SunPower Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company reported total revenue of USD 381.020 million compared to USD 507.871 million a year ago. Operating loss was USD 32.948 million compared to operating income of USD 6.782 million a year ago. Net loss was USD 23.466 million compared to net income of USD 1.168 million a year ago. Net income attributable to the company was USD 6.509 million compared to USD 14.102 million a year ago. Diluted net income per share was USD 0.04 compared to USD 0.09 a year ago. Net cash used in operating activities was USD 212.033 million compared to USD 132.043 million a year ago. Purchases of property, plant and equipment was USD 44.214 million compared to USD 11.518 million a year ago. Non-GAAP revenue was USD 376.707 million compared to USD 621.066 million a year ago. Non-GAAP net income attributable to stockholders was USD 27.168 million compared to USD 43.909 million a year ago. Non-GAAP net income per diluted share was USD 0.18 compared to USD 0.28 a year ago. EBITDA was USD 63.555 million compared to USD 81.639 million a year ago. Free cash flow was USD 148.176 million compared to negative free cash flow of USD 117.567 million a year ago. For the six months, the company reported total revenue of USD 821.891 million compared to USD 1,200.293 million a year ago. Operating loss was USD 44.093 million compared to operating income of USD 79.558 million a year ago. Net loss was USD 52.516 million compared to net income of USD 44.202 million a year ago. Net loss attributable to the company was USD 3.072 million compared to net income attributable to the company of USD 79.146 million a year ago. Diluted net loss per share was USD 0.02 compared to diluted net income per share of USD 0.52 a year ago. Net cash used in operating activities was USD 325.441 million compared to USD 81.571 million a year ago. Purchases of property, plant and equipment was USD 68.778 million compared to USD 20.318 million a year ago. Non-GAAP revenue was USD 807.308 million compared to USD 1,304.779 million a year ago. Non-GAAP net income attributable to stockholders was USD 46.892 million compared to USD 119.254 million a year ago. Non-GAAP net income per diluted share was USD 0.31 compared to USD 0.77 a year ago. EBITDA was USD 122.386 million compared to USD 203.492 million a year ago. Free cash flow was USD 4.770 million compared to negative free cash flow of USD 20.954 million a year ago. For the third quarter of fiscal 2015, the company expects revenues on GAAP and non GAAP basis of USD 400 million to USD 450 million. On a GAAP-basis, the company is expecting a net loss of USD 0.50 to USD 0.60 a share. GAAP and Non GAAP Gross margin is expected to be in the range of 10% to 12%. EBITDA is expected in the range of USD 0 million to USD 15 million. Capital expenditures in the third quarter are expected to be in the range of USD 100 million to USD 125 million. On a GAAP basis, the company expects gross margin of 11% to 13. For the full-year, the company expects non-GAAP revenues of USD 2.4 billion to USD 2.6 billion. On a GAAP-basis, the company expects a net loss of USD 2.05 to USD 2.35 on revenues of USD 1.5 billion to USD 1.7 billion. Full-year EBITDA is expected between USD 425 million and USD 475 million, up from a prior outlook of USD 400 million to USD 450 million. The company noted that its third quarter and fiscal 2015 guidance includes the impact of its holdco strategy and deferrals due to real estate accounting. GAAP gross margin is expected in the range of 10% to 12%. Non GAAP gross margin is expected in the range of 21% to 23%. NON GAAP net income per diluted share is expected in the range of USD 1.50 to USD 1.80. Capital expenditures in the full year are expected to be between USD 250 million to USD 300 million. The company expects 2016 EBITDA growth of approximately 20% from the midpoint of its 2015 guidance or approximately USD 540 million.

 

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SPWR:US $26.72 USD +0.22

SPWR Competitors

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Company Last Change
Canadian Solar Inc $24.57 USD -0.18
First Solar Inc $44.50 USD +0.81
SunEdison Inc $22.45 USD +0.05
Suntech Power Holdings Co Ltd $0.20 USD -0.012
Trina Solar Ltd $9.07 USD +0.13
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Industry Analysis

SPWR

Industry Average

Valuation SPWR Industry Range
Price/Earnings 24.6x
Price/Sales 1.3x
Price/Book 2.4x
Price/Cash Flow 22.1x
TEV/Sales 0.7x
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