Solar’s Rising Star In The Stock Market Is This Solar Energy’s New Growth Stock? SunPower may be growing faster than you think.
Travis Hoium, February 26, 2018 (The Motley Fool)
“…[SunPower Corporation (NASDAQ:SPWR) may] be a growth story in the solar industry. After years of struggling with costs that were higher than competitors' and a foundering project-finance business, the company is focusing on its roots as a solar manufacturer -- and the strategy may pay off with growth as early as this year…[but] it's where SunPower is growing that will also be important for investors…[SunPower's growth plans in 2018] included a wide range of potential deployments of between 1.5 GW and 1.9 GW of solar panels this year…The wide range comes from SunPower's joint venture (JV) in China…Growth could really start kicking into high gear in 2019. Management recently said that China's JV capacity will be [up from a maximum in 2018 to] nearly 2 GW, and still ramping…[SunPower is already in the process of transitioning] to a next-generation solar cell (NGT)…But Sunpower’s full-year] guidance of $1.8 billion to $2.2 billion of non-GAAP revenue may fall short of 2017's $2.13 billion of revenue…[because its transition may not] drive revenue growth until 2019…” click here for more