Editor’s Note: Related tickers: SunPower Corporation (NASDAQ:SPWR), Hewlett-Packard Company (NYSE:HPQ), KB Home (NYSE:KBH), Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM)
SunPower Still A Good Investment? (CleanTechnica)
The stock market has been paying attention to SunPower Corporation (NASDAQ:SPWR) in a big way. At the end of May the stock hit an annual high of 23.76, a gain of 125% from where it was just a month earlier. That price is quadruple levels it was trading at in the beginning of the year. Since May, the stock has seen about a 17% correction, and is trading sideways in the 18 to 20 price range. Volume at these high price levels have been impressive too—shares exchanging hands in the past 30 trading days exceeds that of the previous 64 trading days.
SunPower hires HP veteran as board member (Elp)
SunPower Corporation (NASDAQ:SPWR) appointed of Catherine A. Lesjak, a 27-year veteran of Hewlett-Packard Company (NYSE:HPQ), as a new, independent member of the SunPower Corporation (NASDAQ:SPWR)’s board of directors. The appointment is effective immediately. Lesjak currently serves as executive vice president and chief financial officer at Hewlett-Packard Company (NYSE:HPQ), a position she has held since early 2007. Before being named CFO, she was senior vice president and treasurer, responsible for managing the company’s worldwide cash, debt, foreign exchange, capital structure, risk management and benefits plan administration. Lesjak has a bachelor’s degree in biology from Stanford University and a master of business degree in finance from the University of California, Berkeley.
SunPower Solar Systems Power 10,000 New Production Homes to Date; Partnering with KB Home to Maximize System Size for 10,000th Homeowner (Environmental-Expert)
Based on data provided by the California Solar Initiative (CSI),sales of new production homes with rooftop solar power systems nearly doubled from 2011 to 2012, signaling increasing home buyer demand to control monthly electricity costs using clean, renewable solar power. An estimated 4,000 new production solar homes were built in California last year, ten times the number built just seven years ago during the housing construction boom. SunPower Corporation (NASDAQ:SPWR) is the market leader in providing solar energy solutions to major production homebuilders such as KB Home (NYSE:KBH) – who built the most solar-powered production homes in California in 2012 – Richmond American Homes, Lennar Corporation (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM). SunPower Corporation (NASDAQ:SPWR) estimates that strong growth in the sector will continue, with more than 20 percent of new production homes being solar powered this year.
Sunpower Set A World Record For Solar Panels At Home (PressReleaseCentre)
Now that SunPower Corporation (NASDAQ:SPWR)’s world-record efficiency solar cell is now in commercial production, it’s possible for any of the UK’s home and business owners to set a world record. The solar panel manufacturer has set a world record when it comes to converting solar energy to electrical power. SunPower Corporation (NASDAQ:SPWR) solar panels are based in California and have worked hard to establish a reputation that other solar panel manufacturers cannot touch. SunPower Corporation (NASDAQ:SPWR)’s new third generation Maxeon Solar Cell has now upped it’s efficiency rating to a level of 24 per cent. This means that 24% of the solar energy that it captures is being converted to usable electricity.