Several solar stocks are up in today's session, following positive news in the sector including fourth quarter results from SunPower Corp. (NASDAQ: SPWR) announced yesterday on the close.
According to the company press release, "We finished the year with a better than expected fourth quarter, as demand for SunPower's differentiated technology sold through our diversified downstream channels enabled us to reach annual records in both revenue and shipments," said Tom Werner, SunPower president and CEO. "Operationally, we achieved both our panel production cost target and accelerated manufacturing step reduction program milestones. Research and development investment results included initial volume production of our Maxeon Gen 3 next generation cell technology with a maximum cell efficiency of 24 percent. As the market transitions, the companies with the strongest balance sheets will gain share. Our strategic partnership with Total SA solidifies SunPower as one of the leading companies in the industry today."
About First Solar, Inc. First Solar manufactures solar modules with an advanced semiconductor technology, and is a premier provider of comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating value-driven renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
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