|Bid||8.67 x 700|
|Ask||8.68 x 200|
|Day's range||8.55 - 8.76|
|52-week range||5.84 - 11.70|
|PE ratio (TTM)||N/A|
|Earnings date||13 Feb 2018 - 19 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.29|
High-efficiency solar panels are the company's core business, but a new lower-efficiency panel will be key to its success in one vital renewable-energy market segment.
SAN JOSE, Calif., Dec. 18, 2017 /PRNewswire/ -- In partnership with leading architect Dan Brunn, SunPower (SPWR) today announced the installation of a 10-kilowatt (KW) solar power system for the Los Angeles-based, award-winning architect's personal residence, Bridge House. A showcase for green building possibilities, the home is being built to be net-zero energy compliant, in advance of the California Residential Zero Net Energy Target of 2020, resulting in the amount of energy provided by the rooftop solar system to be equal to the amount of energy consumed by the building on an annual basis. In 2017, more than one-third of homebuilders said green building was a significant share of their overall activity.
The company will build more thin-film solar panel production capacity than previously anticipated over the next few years, which should boost profitability as well.
First Solar and SunPower rose on word the market has hit an inflection point and embarking on long-term growth
Several major solar energy stocks, including SolarEdge Technologies (SEDG) and SunPower Corporation (SPWR), surged on Monday morning after Canadian Solar's (CSIQ) CEO announced his plan to take the company private.