Solar News: SolarCity Corp (SCTY), First Solar, Inc. (FSLR)’s Affiliation & SunPower Corporation (SPWR)’s Payment Options

Solar developer hires two executives (Power-Eng)
Solon Corp. hired two solar industry veterans to lead the project finance group and procurement and acquisitions. John Kintz is the new managing director of the project finance group, having to do with commercial and utility-scale solar project financings, while Jeff Calabro is the senior director of procurement and acquisitions. Kintz was previously the director of project finance at SunPower Corporation (NASDAQ:SPWR) where he negotiated, arranged and closed more than 400 MW of North American solar deals.

First Solar Upgraded to “Market Perform” at Raymond James (FSLR) (MideastTime)
First Solar, Inc. (NASDAQ:FSLR) was upgraded by equities research analysts at Raymond James from an “underperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $20.00 price target on the stock. Raymond James’ price target indicates a potential downside of 48.68% from the company’s current price. Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of First Solar, Inc. (NASDAQ:FSLR) in a research note to investors on Monday, August 19th.

SUNPOWER PARTNERS WITH COMMUNITY FIRST CREDIT UNION TO OFFER FLEXIBLE FINANCING FOR RESIDENTIAL SOLA (PR-BG)
SunPower Corporation (NASDAQ:SPWR), a leading solar technology and global energy solutions provider, today introduced the SunPower Solar Loan for homeowners in Australia. Affordable payment options are designed to help customers finance a high efficiency, residential SunPower Corporation (NASDAQ:SPWR) solar system over time, as it simultaneously produces electricity from rooftops. In many cases, a system sized to closely match the homeowner’s energy needs is expected to generate savings in excess of monthly loan payments.