Editor’s Note: Related tickers: First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR)
First Solar, Inc. (NASDAQ:FSLR) shows a tremendous technical performance (FinancialsTrend)
First Solar, Inc. (NASDAQ:FSLR), a provider of solar energy solutions, had a tremendous technical performance during the past year. Stocks of all solar energy companies have showed an outstanding performance over last year and also traded higher this quarter. However, these companies faced issues such as the falling prices for manufactured solar panels and an abundance of supply. As a result, the weakest competitors get out of the market. Investment in solar energy is very effective as the new technology improves their performance. First Solar, Inc. (NASDAQ:FSLR) is the leading company in the industry because it provides significant value to customers, advanced technology and offers the most efficient solar modules.
First Solar Seeks Licenses for $370 Million Chile Energy Project (BusinessWeek)
First Solar, Inc. (NASDAQ:FSLR), the largest U.S. solar-panel manufacturer by shipments, plans to build a $370 million photovoltaic power plant in the Atacama Desert in northern Chile. First Solar, Inc. (NASDAQ:FSLR) applied for permits for the 162.4-megawatt Luz del Norte project, the Tempe, Arizona-based company said today in a filing with Chile’s environmental licensing agency Servicio de Evaluacion Ambiental. Work is expected to start in June 2014. The project will produce about 480,000 gigawatt-hours of electricity a year, according to the filing. It will have about 1.7 million solar panels.
Miss FSLR’s $46 Secondary But Think It’s A Deal At $32? (Forbes)
Looking back to 33 days ago, First Solar, Inc. (NASDAQ:FSLR) priced a 8,500,000 share secondary stock offering at $46.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Monday, the stock is now 6.2% higher than the offering price. Investors who did not participate in the offering but would be a buyer of First Solar, Inc. (NASDAQ:FSLR) at a cheaper price, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $32 strike, which has a bid at the time of this writing of $4.35.
SunPower to Announce Second-Quarter Results on July 31, 2013 (SacBee)
SunPower Corporation (NASDAQ:SPWR) will announce its second-quarter financial results on a conference call Wednesday, July 31 at 1:30 p.m. Pacific Time. The call-in number is 517-623-4618, passcode SunPower. The call will be webcast and can be accessed from SunPower’s website at http://investors.sunpowercorp.com/events.cfm. …SunPower Corporation (NASDAQ:SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system.
Cheapest Solar Panels No Longer Best, SunPower CEO Says (Bloomberg)
Chinese solar manufacturers that are still trying to sell the cheapest panels have failed to adapt to an industry seeking more efficient products, said SunPower Corporation (NASDAQ:SPWR) Chief Executive Officer Tom Werner. Panel prices have plunged, and now make up less than half the cost of a system, he said in an interview yesterday at Bloomberg’s offices in New York. Customers are no longer seeking the cheapest solar panels, they want the cheapest solar energy. “Most solar companies compete on price,” Werner said. SunPower Corporation (NASDAQ:SPWR), the second-largest U.S. solar manufacturer, has “transitioned to selling energy.”
SunPower Solar Panels Complete Atlas Testing Program (SolarIndustryMag)
SunPower Corporation (NASDAQ:SPWR) says its E20/327 solar panel underwent the Atlas 25+ PV durability testing program and received certification by SGS. The company says its panel showed less than 2% power degradation over the course of the testing regimen. The Atlas 25+ testing protocol includes long-term environmental exposure that requires modules to have less than 8% degradation over the testing period in order to receive SGS certification. Atlas says the program exposes solar panels to a series of stresses, including UV-A/UV-B exposure, salt spray corrosion, condensing humidity, solar/thermal humidity cycle, solar/thermal humidity freeze cycle, Arizona and Florida solar tracking -including peak summer -and initial, final and multiple interval measurements.
