Jump to content
Sign in to follow this  
dydo

SunPower (SPWR)

Recommended Posts

explo

Thanks for the input sleepy. Might have to check them out since they make money on their panels, which are the best by the way, but I'm sensitive to valuation too, so I doubt I'll buy them. Although SPWR leads on product quality, high valuation bets are still a bit of gamble for me in this ever changing industry.

Share this post


Link to post
Share on other sites
Guest CrouchingTiger

I could be wrong, because from what I understand their revenue and EPS can swing wildly from one quarter to the next depending on how their monster power plant construction milestones are reached. As these certain milestones are reached revenue gets recognized. Kind of like with CSIQ and its power plant sales, only that SPWR recognizes revenue in chunks instead of all at once. They are also wrapping up their big CVSP project (multi-hundred MW) right about now, so I don't know if 2014 numbers will be hurt because of this.

 

The only one that has some control of this reporting is SPWR itself. So hopefully the disaster reaction from last Q would prepare them for a nice report.

Share this post


Link to post
Share on other sites
Guest sleepyhead

The only one that has some control of this reporting is SPWR itself. So hopefully the disaster reaction from last Q would prepare them for a nice report.

 

The market wants to see where the growth is going to come from. They didn't have an answer last time, so they got pummeled.

 

They better have an answer this time.

Share this post


Link to post
Share on other sites
Pop2mollys

They crushed estimates... -- Q3 2013 GAAP Revenue of $657 Million, Non-GAAP Revenue of $619 Million -- Q3 2013 GAAP Earnings per Share of $0.73, Non-GAAP Earnings per Share of $ 0.44

  • Upvote 1

Share this post


Link to post
Share on other sites
Guest sc_solar

Wow...destroyed it!! And words about the expansion and ramp up to boot  :)

Congratulations sleepy and all holders. Up nicely AH

Share this post


Link to post
Share on other sites
Guest JulyWebb

Q3 Results  :) http://finance.yahoo.com/news/sunpower-reports-third-quarter-2013-200500165.html

Share this post


Link to post
Share on other sites
Pop2mollys

SunPower Corporation (NASDAQ: SPWR) raises FY2013 EPS guidance from $1.00-1.30 to $1.30-1.50 vs $1.23 analyst estimate. Narrows FY2013 sales outlook from $2.50B-2.60B to $2.52B-2.57B vs $2.53B estimate

Share this post


Link to post
Share on other sites
dydo

This is beautiful but Q4 does not look that hot. 

Share this post


Link to post
Share on other sites
Guest Norse

Yup odyd, might this result in the chinese rally higher than SPWR?

Share this post


Link to post
Share on other sites
Pop2mollys

This is beautiful but Q4 does not look that hot.

Maybe because they don't have a big presence in china which is surging right now as we enter Q4...

Share this post


Link to post
Share on other sites
sunnysky

==> COST REDUCTION and CELL EFFICIENCY 

 

"Operationally, we beat our cost reduction goals for the quarter while improving overall equipment effectiveness and average solar cell conversion efficiency. 

 

==> EXPANSION

 

Due to strong demand for our unique, cost effective, high efficiency products, we have made the strategic decision to expand our solar cell manufacturing capacity by more than 25 percent.  SunPower's planned 350-megawatts (MW) expansion will produce our next generation, step-reduced cell technology with initial silicon starting in early 2015.  This will bring our total cell capacity to more than 1.8-gigawatts (GW) when fully ramped. 

Share this post


Link to post
Share on other sites
Guest sleepyhead

This is beautiful but Q4 does not look that hot. 

 

Go back to Q2 report and you will see that Q3 guidance was worse than Q4 guidance. They are the biggest sandbaggers, always beat analyst EPS consensus by 100%.

Share this post


Link to post
Share on other sites
Pop2mollys

Go back to Q2 report and you will see that Q3 guidance was worse than Q4 guidance. They are the biggest sandbaggers, always beat analyst EPS consensus by 100%.

Reminds me of apple...

Share this post


Link to post
Share on other sites
Makan

Revenue and MW outlook quite in line. Margins shrinking. We could interpret this as Chinese modules are catching up in terms of quality, so Sunpower cannot sell as overpriced as they have done in the past?

Share this post


Link to post
Share on other sites
Guest Xeloris

Afterhours movement is a little disappointing,  I guess as mentioned the Q4 guidance may have an impact here

Share this post


Link to post
Share on other sites
dydo

So Q4 is a lot lower than results of Q3.  I am curious how market will react to it.

Go back to Q2 report and you will see that Q3 guidance was worse than Q4 guidance. They are the biggest sandbaggers, always beat analyst EPS consensus by 100%.

perhaps but market had took a chunk out of it. Q4 has to be a growth q for Chinese.

Share this post


Link to post
Share on other sites
pg6solar

SPWR said that FY13 shipments are expected to be around 1GW. YGE, by some optimistic expectations, may ship as much as 1GW in 13Q4 alone. Think about that. 

Share this post


Link to post
Share on other sites
Guest Norse

Well, dont forget the confernce call guys. Might be something here..

Share this post


Link to post
Share on other sites
pg6solar

As per SPWR, they expect strong demand into q4 and 2014 with stayable (and maybe even improving) ASP. Should be good for CN solars too. 

Share this post


Link to post
Share on other sites
Guest Xeloris

Well now spwr is -5% aftermarket.. If thats any indication how this will affect the sector tomorrow 

Share this post


Link to post
Share on other sites
jamiecc

Earnings are so fickle, they seem really good...could be a buy the rumor, sell the news type of thing going on here. Gotta keep focused on the future because the present is probably going to be rough waters.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Donate

    Please donate to support this community. We appreciate all donations!

    Donate Sidebar by DevFuse
  • Upcoming Events

    No upcoming events found
  • Forum Statistics

    • Total Topics
      32
    • Total Posts
      91,715
  • Who's Online (See full list)

    There are no registered users currently online



×
×
  • Create New...