SunPower (SPWR)

[Guest ILOVEPV]

The WS ALWAYS work on anticipation (do not forget they use insider info). Should they expected good earnings they would have brought stocks higher well in advance. But even though they are wrong (happens sometimes) and earnings are good they will continue to fulfill their plans until they change/restructure them. There is no such a thing as a free market though sometimes we are watching short squeezes and stuff like that. But it takes place only if an opposite side suddenly becomes too powerful. In 99%+ cases the WS controls every stock. As for CSIQ a raid down was very anticipated (if news are getting public it is not news) but in a final analysis CSIQ will be much higher and this "final analysis" can start any time. Saying it I started add CSIQ buying with small portions. My last buy was today 5.18.

[Guest ILOVEPV]

outsmart. It would have been excellent. I have a sizable for my pocket amount of CSIQ (12K right now), so 10 and even 15 would have been a blessing for me. I'm ready to pick 5-6K more if it drops below 5.

[uchsteve 115]

Revenues = $574.6 Million (Non-Gaap) Gross Margin = 22.7% Operating Income = $55.4 Million EPS (diluted) = $0.22 Cash = $535 Million http://investors.sunpowercorp.com/events.cfm

[Pop2mollys 417]

Wow wow wow..... They released during market hours and are frying shorts. I love it! Great news for whole sector!

[Guest JulyWebb]

Wonderful!!!!

[Guest Klothilde]

Not a single word on cost per watt. Are they chicken or rebels ?

[Guest Klothilde]

Interesting: "Additionally, demand in Japan remains very strong as Toshiba and Sharp accounted for approximately 25 percent of total first-quarter shipments."

[dydo 1,558]

SunPower OEMs for both. BTW that profit is non-gap. Still cool. We were taking lumps for too long.

[Guest cfeng]

I love it that SPWR released the report mid day. I think they wanted to make a statement to the shorts and to big oil that funds them. Anyone else long SPWR?

[Guest Klothilde]

Sunpower would be dead without Big Oil.

[Guest cfeng]

Klothilde, Please explain. There is a lot more big oil than that.

[Guest Klothilde]

Total (France's big oil company) acquired a controlling stake in 2011 and has given the company $600 M in credit. Without it we'd have Solyndra Nr 2. So kudus to big oil !

[Guest cfeng]

As I said, there is a lot more big oil than Total. And they are funding all the negativity for solar on wall street and the media.

[Guest Klothilde]

How come no SPWR holder picked this up from yesterday's CC? so kudus to SPWR for a very profitable 2013 ! http://www.pv-tech.org/news/sunpower_sold_out_in_2013?utm_source=pvtech-feeds&utm_medium=rss&utm_campaign=news-rss-feed Who's next in line?

[Guest chrisceeaustin]

Great summary. Thanks. The impressive part was that they shipped only 180plus MW in modules. Sold out and made a sizable profit. If they make 22 cents on 180 MW, what happens when they ship 300 MW later in the year. It sounds like with 1.2 GW capacity, they could easily ship 300 MW, or more. Does that translate to 50 cents a quarter? Puts them on pace for 2.00 annual, and, what 20 to 30 dollar stock price?

[Guest Klothilde]

It's going to be more than 22 cents imho. Currently Europe is dragging down results, and they are restructuring operations there. Also Japan will likely strengthen even further in the next quarters, and for them as the top efficiency supplier this is an incredible gold mine.

[Guest spinvestor]

May 15 2013 08:00:19 1) BFW 08:05 Sunpower Sees 2Q Adj. EPS 5c-15c, Est. Loss 5c 2) PRN 08:00 SunPower Announces Fiscal Year 2013 Guidance 3) BFW 08:04 *SUNPOWER SEES 2013 ADJ. EPS 60C-80C, EST. 55C I would expect market to pull up all solars on this news.

[pg6solar 113]

"On a GAAP basis, the company expects revenue of $2.6 billion to $2.7 billion, gross margin of 15 percent to 17 percent and net income (loss) per diluted share of ($0.05) to $0.20. " That's PE of a 100. I'll take PE of 50 for any of my Chinese holdings, thank you.

[Guest nanofrogfish_spf]

I would expect market to pull up all solars on this news.

Agreed...SPWR will lead the entire sector higher today...very strong Q2 guidance... congratulations to the SPWR holders! Looks like we'll all be winners today...unless of course you're short!

[Guest nanofrogfish_spf]

not sure why, but it looks like SPWR is spiking again this morning...

[Guest spinvestor]

perhaps short covering?

[Guest ILOVEPV]

no way guys. The stock is settled for a max pain of $20 - option expiration tomorrow. Rare buying opportunity. To bring the price from 22 to 20 the stock was heavily shorted today. Upon option expiration it will take a couple of days (may be 3-4 days) to close short positions taken, then another upgrade and a road to $30 will be opened.

[Guest chrisceeaustin]

I am long both SPWR and WFR; for right now WFR will outperform. Why? They are in same ballpark for backlog. Same ballpark for GM. Not in share price. I hope SPWR holds 19 for now. I've finished selling shares for now and may buy if it gets down to 19.00.

[Guest chrisceeaustin]

News today. 300 million. What does this mean for share price? Anyone?

[dydo 1,558]

despite share appreciation equity offering is not the choice. Good for a shareholder. It means growth and financial backing to me.

[Guest littleguyintucson]

It means the share appreciation which many found baseless based on earnings was a long term effort to manipulate so they could do a private placement with limited share dilution. I would expect a serious pullback after the dilution. Cash in the coffers is always good.

[Guest ILOVEPV]

a pull back from 23 to 20 already happened (as always in advance). Some further pull back would have been healthy but it will open buying opportunity that is not good for major players. On top of it SPWR is a top US based stock. In this market I do not expect a sizable pull back - may be 18.5-19 as the very bottom. I shorted a small amount of RSOL for 5.66; a reason is a senseless 4 fold rally based on nothing - my first short sale in solars.

[dydo 1,558]

private placement with limited share dilution

I thought it was a debenture?

[Guest littleguyintucson]

I thought it was a debenture?

yes a convertible debenture is privately being placed in the hands of investors. The point is that at $5 it would not have happened.

[Guest chrisceeaustin]

Why is SCTY trading so high? They have no earnings yet. They just got financing to install a little over 100 MW. Sunpower is talking in GW terms. Same with other major solar companies. Losses are projected for SCTY for this and next year. Their revenues are low. 4.40 per share according to Yahoo Finance. Compare that to well over 21.50 for Sunpower. They both do the same thing except Sunpower makes most of their money in a diversified manner, largely from large projects. Sunpower uses their own panels, and SCTY must buy theirs from other companies. The price targets -- the good ones -- for SCTY are in the 30s. The stock price is over 44 and did not suffer todays enormous downdraft. What is the deal?