Last $37.92 USD
Change Today +0.55 / 1.47%
Volume 1.1M
SPWR On Other Exchanges
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As of 3:03 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

sunpower corp (SPWR) Snapshot

Open
$37.09
Previous Close
$37.37
Day High
$38.10
Day Low
$37.00
52 Week High
06/27/14 - $42.07
52 Week Low
08/20/13 - $20.63
Market Cap
5.0B
Average Volume 10 Days
2.0M
EPS TTM
$1.18
Shares Outstanding
131.1M
EX-Date
--
P/E TM
32.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SUNPOWER CORP (SPWR)

sunpower corp (SPWR) Details

SunPower Corporation, an energy services company, designs, manufactures, and delivers solar systems to residential, commercial, and utility customers. It operates in three segments: the Americas, the EMEA, and the APAC. The company offers solar power products, including panels, balance of system components, and inverters. It also designs, manufactures, and sells high-performance rooftop and ground-mounted solar power systems, as well as utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, including remote monitoring, 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. 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 was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Total Energies Nouvelles Activités USA.

6,320 Employees
Last Reported Date: 02/18/14
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: $419.6K
Chief Operating Officer
Total Annual Compensation: $450.0K
President of Regions
Total Annual Compensation: $450.0K
Executive Vice President of Administration
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

sunpower corp (SPWR) Key Developments

SunPower Launches Residential Solar Leasing Program in Melbourne

SunPower has launched SunPower Choice, a pilot residential solar leasing program, in Melbourne, Australia. The program is designed to assist homeowners in financing a SunPower solar system for no money down with solar electricity rates locked in for the 25-year life of the lease. The company also provides monitoring and maintenance at no additional cost for the length of the agreement.

Epuron Chooses SunPower Corp. to Expand Uterne Solar Power Plant Located in Alice Springs, Australia

Epuron and SunPower Corp. have partnered to quadruple the size of the Uterne solar power plant, bringing clean energy to approximately 1,000 Alice Springs homes each year when the plant is expected to be completed in 2015. Financing from the Clean Energy Finance Corporation (CEFC) will fund the expansion, increasing the size of Uterne from 1 megawatt to 4.1 megawatts. SunPower has been contracted to design and build the 3.1-megawatt expansion of Uterne with high-efficiency SunPower solar panels mounted on SunPower(R) T0 Trackers, which position panels to follow the sun throughout the day, increasing energy production while minimizing land use. The additional 3.1 megawatts of T0 Trackers will be installed on 3 hectares, adjacent to the 1-megawatt solar power plant, which features SunPower(R) T20 Trackers currently installed and operating on 3 hectares. CEFC is providing a 13 million loan to Epuron for Uterne's expansion, which uses a financing structure that is rare for deals of this size. It is expected to drive down transaction costs and help make projects like this more attractive to commercial financing institutions.

SunPower Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

SunPower Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company reported net income attributable to stockholders of $14,102,000 or $0.09 per diluted share on total revenues of $507,871,000 compared to net income attributable to stockholders of $19,565,000 or $0.15 per diluted share on total revenues of $576,516,000 a year ago. Operating income was $6,782,000 compared to $31,863,000 a year ago. Loss before income taxes and equity in earnings of unconsolidated investees was $8,936,000 compared to income of $7,762,000 a year ago. Net income was $1,168,000 compared to $4,265,000 a year ago. Net cash used in operating activities was $132,043,000 compared to $66,179,000 a year ago. Purchases of property, plant and equipment was $11,518,000 compared to $7,839,000 a year ago. Free cash flow was negative $117,567,000 compared to $147,917,000 a year ago. EBITDA was $81,639,000 compared to $101,273,000 a year ago. Non-GAAP net income attributable to stockholders was $43,909,000 compared to $62,812,000 a year ago. Non-GAAP net income available to common stockholders was $44,460,000 compared to $62,812,000 a year ago. Non-GAAP net income per diluted share was $0.28 compared to $0.48 a year ago. Second-quarter financial performance reflected solid execution as well as strong demand for the high efficiency solar systems across all channels and geographic segments. Second-quarter fiscal 2014 non-GAAP results include net adjustments that increase net income by $29.8 million, including a $22.6 million gross margin adjustment related to the timing of revenue recognition from utility and power plant projects, $13.3 million in stock-based compensation expense, $5.3 million in non-cash interest expense, $0.6 million of other adjustments and $10.8 million in tax effect. Non-GAAP revenue was $621,066,000 compared to $650,044,000 a year ago. For the six months period, the company reported net income attributable to stockholders of $79,146,000 or $0.52 per diluted share on total revenues of $1,200,293,000 compared to net loss attributable to stockholders of $35,131,000 or $0.29 per diluted share on total revenues of $1,211,949,000 a year ago. Operating income was $79,558,000 compared to $8,251,000 a year ago. Income before income taxes and equity in earnings of unconsolidated investees was $45,935,000 compared to loss of $50,885,000 a year ago. Net income was $44,202,000 compared to loss of $57,704,000 a year ago. Net cash used in operating activities was $81,571,000 compared to net cash provided by operating activities of $100,684,000 a year ago. Purchases of property, plant and equipment was $20,318,000 compared to $19,881,000 a year ago. Free cash flow was negative $20,954,000 compared to free cash flow of $68,279,000 a year ago. EBITDA was $203,492,000 compared to $179,007,000 a year ago. Non-GAAP net income attributable to stockholders was $43,909,000 compared to $62,812,000 a year ago. Non-GAAP net income available to common stockholders was $122,885,000 compared to $90,032,000 a year ago. Non-GAAP net income per diluted share was $0.77 compared to $0.71 a year ago. Non-GAAP net income attributable to stockholders was $119,254,000 compared to $90,032,000 a year ago. Non-GAAP revenue was $1,304,779,000 compared to $1,224,676,000 a year ago. The company's third quarter 2014 consolidated non-GAAP guidance is: revenue of $600 million to $650 million, gross margin of 17% to 19%, net income per diluted share of $0.15 to $0.35 and megawatts recognized in the range of 325 megawatts to 360 megawatts. On a GAAP basis, the company expects revenue of $575 million to $625 million, gross margin of 18% to 20% and net income per diluted share of $0.00 to $0.20. Capital expenditures in the third quarter is expected to be in the range of $30 million to $40 million as the company continue to ramp construction of Fab 4. For fiscal year 2014, the company's expectations are unchanged and are as follows: non-GAAP revenue of $2.50 billion to $2.65 billion, gross margin of 19% to 21%, net income per diluted share of $1.10 to $1.40, capital expenditures of $150 million to $170 million and gigawatts recognized in the range of 1.225 gigawatts to 1.3 gigawatts. On a GAAP basis, the company expects revenue of $2.55 billion to $2.70 billion, gross margin of 20% to 22%; capital expenditures of $150 million to $170 million; and net income per diluted share of $0.75 to $1.05.

 

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SPWR

Industry Average

Valuation SPWR Industry Range
Price/Earnings 27.8x
Price/Sales 1.9x
Price/Book 3.6x
Price/Cash Flow 23.3x
TEV/Sales 1.1x
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