SunPower just posted poor second-quarter earnings and promised to do more to cut costs.
SunPower plans to offer a 2.5-kilowatt system as part of its marketing campaign with Ford.
We were convinced that Sunpower was overpriced, but it rose 149% amid green mania.
Major solar panel makers include First Solar, Suntech Power, Trina Solar, Sharp and SunPower.
In addition to this, it acquired the Murfreesboro project in December 2010 from SunPower Corp.
First Solar and SunPower both have cut production or suspended plans to build more factories.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
SunPower primarily competes with companies like FirstSolar, SuntechPower, and Yingli Green Energy Holding.
FORBES: SunPower Outlook Brightens As Power Plant Sales Heat Up
Currently, SunPower and Sanyo have the highest efficiency in the market, at almost 23%.
Digging deeper into the sector, one stock that has put in a solid performance is SunPower.
SunPower said the acquisition is a step toward differentiating itself in the competitive solar market.
FORBES: SunPower to Acquire Total Solar Unit; Total Buys SunPower Shares
SunPower said the acquisition is expected to positively impact its financial position in 2012.
FORBES: SunPower to Acquire Total Solar Unit; Total Buys SunPower Shares
In the markets, solar stocks SunPower and First Solar led the Nasdaq lower.
FORBES: U.S. Growth Still Sluggish: 155,000 New Jobs In Dec., Unemployment Higher At 7.8%
Tom Werner, the boss of SunPower, another American panel-maker, sees the upside in this.
The move follows the closure of another SunPower factory in the Philippines in April.
He published a two-part report on the problem in August and October--before SunPower's problems came to light.
Our goal is to re-establish the drop-through earnings leverage that has characterized Cypress since the SunPower spinout.
FORBES: Cypress Semi Q4 Revs, Profits, Inch Past Street Forecasts
SunPower has signed more than 10, 000 solar leases since it launched the program last year, he said.
FORBES: Photovoltaic Manufacturers See Profit In Solar Leases Amid Market Upheaval
The report notes that SunPower was among the four largest solar lease providers in California in 2012.
SunPower, which yesterday issued disappointing profit guidance, today was hit with a wave of analyst downgrades.
FORBES: SunPower: After Weak Outlook, Multiple Analyst Downgrades
First Solar makes the most efficient thin film panels, SunPower makes the most efficient crystalline silicon panels.
Morgan Stanley formed a joint venture with SunPower to generate and sell electricity from the alternative-energy-company's equipment.
First Solar, SunPower, and Evergreen Solar, all ended the day with modest gains of 1.4%, 1.1%, and 1.4%.
In fact, the four largest all are headquartered in the state: Sunrun, SunPower, SolarCity and Clean Power Finance.
SunPower this afternoon slashed its financial forecast for 2011 to reflect a slowdown in the solar market.
At SunPower, we are committed to drop the installed cost of a solar system by 50% by 2012.
In spite of its high efficiency panels, SunPower has come under serious criticism for high manufacturing cost.
SunPower will continue to develop the project, and will design, build, operate and maintain the solar power plant.
SunPower spokeswoman Julie Blunden says the company has long expected panel prices to fall and has prepared for it.
Ford will market the SunPower equipment as it rolls out the Focus Electric.
Morgan Stanley will own and finance solar electric power systems from SunPower on seven other Wal-Mart facilities in California.
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