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SunPower (SPWR) Acquires SolarBridge Technologies, Inc.

Zacks Equity Research

SunPower Corp., (SPWR), the second-largest U.S. solar manufacturer, declared the acquisition of Solarbridge Technologies, Inc., a provider of integrated microinverter technologies to solar firms.

Texas-based SunBridge Technologies develops efficient and reliable microinverter solutions for roof-ready alternating current (:AC) solar panels.

AC solar panels enable maximum energy generation by monitoring and optimizing the power generated by the solar system. These panels are not only easy to install but also cost-efficient.

SunPower hopes to gain substantially from this acquisition. Integrated microinverter technology will enable the production of next-generation microinverters to be used in conjunction with highly-efficient SunPower solar panels.

SunPower has lately been keen on expanding its product portfolio for residential customers. With this acquisition, the company will not only be able to develop a specialized product for its solar panels, but will also be able to serve its residential customers with a solar panel customized to fit their home specifications.

Evidently, the company is emphasizing on making solar system installations more efficient and hassle-free. SunPower had earlier acquired a solar project management software from RevoluSun, a Honolulu-based solar energy firm.

The company recently posted upbeat performance in the third quarter of 2014, beating both earnings and revenue estimates. However, earnings dropped on a year-over-year basis. These aforesaid initiatives will likely boost earnings, going forward.

SunPower Corp., a subsidiary of TOTAL S.A. (TOT), currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include Canadian Solar Inc. (CSIQ) and ReneSola Ltd. (SOL), both holding a Zacks Rank #2 (Buy).

Read the Full Research Report on TOT
Read the Full Research Report on CSIQ
Read the Full Research Report on SOL
Read the Full Research Report on SPWR


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