SunpowerSunPower (SPWRA) recently launched its SunPower E20 series of solar panels. The E20s are the industry's first commercially available solar panels which provide a total area efficiency of more than 20%. The panels use SunPower's patented Maxeon cell technology, which currently holds the world record for the highest efficiency among mass-produced solar cells. It has ventured into large-scale utility power projects only recently with the acquisition of PowerLight Corporation. The company's primary competitors include First Solar (FSLR), Suntech Power (STP), and Yingli Green Energy.

Trefis currently has a $16.22 price estimate for SunPower's stock, which is trading around $17 this week.

Higher Efficiency Should Boost Shipments

The E20 series is designed to provide the superior feature all customers are looking for in a solar panel -- higher power output at the given price. Along with its 20% higher efficiency, the E20 series offers additional features to boost system output, such as transformerless inverters and anti-reflective coatings.

We expect these enhanced features in the E20 solar panels to more than offset any price premiums on the product, providing a significant competitive advantage for SunPower over its competitors. The panels have the potential to boost shipments of SunPower components across different sectors such as residential and commercial markets as well as utility and power plants.

Help from Total S.A.'s Network

The recent acquisition of 60% of SunPower by Total S.A. -- a French multinational energy company -- is expected provide additional synergies to SunPower's new range of products, such as the E20. A key advantage is the access to Total's (TOT) extensive supply network -- it operates in more than 120 countries -- as well as Total's $1 billion credit support over the next five years, which should enable accelerated development and capacity expansion for SunPower's product offerings.

See our complete analysis for SunPower's stock

Trefis is an online investment research platform targeted towards individual and professional investors. Trefis also includes a community of users that can create and share their models and analysis on trefis.com.

Like our charts?
Embed them in your own posts using the Trefis Wordpress Plugin.



Increase your money and finance knowledge from home

Small Cap Investing

Learn now to invest in small companies the right way.

View Course »

Introduction to Value Investing

Are you the next Warren Buffett?

View Course »

Add a Comment

*0 / 3000 Character Maximum

31 Comments

Filter by:
rsljudge

Guys like Pete absolutely amaze me. The most important issue in our lifetime is the development of alternate energy. Oil is finite and will run out. When supply can no longer meet demand, prices will spike and our society will collapse. The so called liberals have been promoting alternate energy from the very beginning and the conservatives have been blocking it at every turn. Who has their heads up their asses??!!

June 25 2011 at 8:44 PM Report abuse rate up rate down Reply
hawnislesolar

The thing everyone doesent seem to get is that if we dont reduce fossil fuels emissions and other greenhouse type gasses, there wont be much of a world we will want ( or can) live in, so stop worring about your short term little economic conditions and get busy reducing these emissions!!!

June 25 2011 at 1:23 PM Report abuse rate up rate down Reply
bjoinersp

Did anyone else get the infection blocked from the opening on this page ..what a chep shot from this Dailyfinance bunch If i was capable I would reverse the charges and screw with them for a while...AOL you better watch your lead story closer ...I'm tired of wanting to read articles and getting a trackinng cookie with it..

June 25 2011 at 11:47 AM Report abuse rate up rate down Reply
pete

Nothing surprising here.

Sunpower got $42 million from obama to build a new plant in Freemont, CA and expand the 2,000 employee plant in Newark, CA.

As soon as they had the money in hand they opened plants in China because "it was cheaper to rent established properties there than to deal with EPA to build in CA."

Then they cut their Newark work force by almost 50% by laying off more than 800 workers.

When are the American people going to pull their heads out of their azzes and get rid of the job-killing liberals in government and unions?

June 25 2011 at 10:17 AM Report abuse +2 rate up rate down Reply
goldengolfball

What good is this if no one but the filthy rich can afford to purchase and use them?? Great achievment now sell them cheap enough to use.

June 25 2011 at 6:45 AM Report abuse rate up rate down Reply
justaguyinokc

Actually, the efficiency of the panel is not as important as the cost and ability to be used in all applications. Ascent Solar (an American Company in Boulder Colorado) has flexible efficient solar panesl that are on plastic, weigh practically nothing (thus can be used on flat roofs where standard panesl are too heavy) and can be bent into any shape (imagine a tent that when you unfold it becomes a power generator, etc). These flexible panels can be built into siding, shingles, and even a pole could have it totally encircling the pole itself (it's flexible, remember?) The plastic CIGS panels by companies like Ascent are actually the future, and the bulky heavy panels are old technology. Imagine all the roads in America having a strip of plastic in the center of then (betwen the tire tracks) that produces energy for homes, highway lighting (all LED of course). That is the future.

June 25 2011 at 12:04 AM Report abuse +1 rate up rate down Reply
dukeofdirt

The real question is has SunPower broken through the $5/watt installed cost threshold. Unless they can do that the only thing that makes them viable is a never ending series of government handouts.

On a related note to all the so called "green" advocates. Have you actually studied the toxic processes that go into making solar cells? Many of the identical processes that contaminated Silicon Valley in the 1970s, only on a much larger scale, bin much more environmentally aware places like China and Bangladesh. You also have to add in the boron doping, hyper-toxic beryllium-copper alloys and keep in mind that there is not a single component of a solar panel that isn't either mined from the earth, or derived from petroleum.

June 24 2011 at 10:39 PM Report abuse -1 rate up rate down Reply
alfredschrader

In the 1970's I was the king of solar energy. Photo-voltaics are not the most efficient way to harness solar power. The best way is to focus a ground based array of mirrors onto a solar boiler tower that drives a steam turbine generator.
But all earth surface solar has the same drawback - clouds and nightfall. I don't see where this will ever change.
I'm the first physicist to ever reproduce the heating reaction that occurs on the sun. I did this in my lab on my estate here in Florida. But, I have found even more answers and it's only a matter of time until I solve even this one. I've been able to resolve many of the questions about the atom...Alfred-

June 24 2011 at 6:19 PM Report abuse rate up rate down Reply
Gale Carrier

hey, I'm for anything that will reduce the use of crude and will cut down on emissions. It may not be perfect but in 15 years surely something much improved will have come along.

Clouds do not always stop UV rays.

June 24 2011 at 6:03 PM Report abuse rate up rate down Reply
tmoschetti

Really, and all along I thought it was hamsters spinning a wheel!

Of course the hamsters would be a heck of a lot cheaper!

June 24 2011 at 3:50 PM Report abuse rate up rate down Reply