SunPower Corp

Wall Street analysts have given SunPower stock a mean target price of $8.56, which indicates a potential upside of 11.5% for the next 12 months.

Wall Street analysts have given First Solar a mean target price of $70.9, which indicates a potential upside of 22% for the next 12 months.

First Solar stock lost 3.4% last week after the US Court of International Trade blocked the Trump administration from withdrawing a tariff exemption.

To boost the domestic solar industry, Trump imposed a 30% tariff on imported panels last year. However, the policy severely impacted the sector.

Solar stocks have been a sweet spot among equities this year. On average, they’ve gained 50% this year, notably outperforming broader markets.

Enphase Energy (ENPH) stock fell more than 5% Friday after gaining around 25% collectively over the five previous trading sessions.

The recent uptrend in First Solar (FSLR) stock might have soothed investors, but the worst may not be over yet. Here’s why.

Enphase Energy stock fell almost 4% on Monday. The company announced its supply agreement with Sunrun to provide seventh-generation IQ microinverters.

Innovation will be the competitive advantage for Tesla Solar. Tesla launched a solar roof tile last month that’s more efficient and is easier to install.

First Solar stock has an EV-to-EBITDA valuation of 6.4x its estimated earnings for the next 12 months. The industry’s mean valuation is greater than 11x.

SunPower announced its plans to spin-off businesses into global solar panel manufacturing and US distributed solar generation and storage.

First Solar’s (FSLR) third-quarter earnings didn’t boost its stock. Investors were disappointed with wide misses on the revenues and earnings front.

SunPower (SPWR) surprised investors with strong third-quarter earnings on October 30. It reported EPS of $0.07, beating analysts’ consensus estimate.

Yesterday, First Solar (FSLR) returned to profits in Q3 after reporting deep losses in Q2. FSLR missed analysts’ estimates and posted EPS of $0.29.

Solar inverter maker Enphase Energy (ENPH) stock was up more than 4% at 11:10 ET today. ENPH recovered after it fell more than 8% yesterday.

Solar panel maker First Solar (FSLR) plans to report its Q3 earnings on October 24. Analysts expect the company to report earnings per share of $1.19.

Solar stocks highlighted the top-rallied sectors this year. After hitting multiyear highs, many solar stocks have fallen as much as 40% since August.

Almost all solar stocks fell sharply on September 26. First Solar (FSLR) fell about 7% yesterday while this year’s top gainer, Enphase Energy, fell 7.5%.

Top solar stock First Solar (FSLR) has surged about 10% in September. FSLR is trading close to its 52-week high and might continue to march upward.

Almost all the solar stocks have had a fantastic run so far this year, and First Solar (FSLR) is no exception. FSLR stock is up more than 45% year-to-date.

Trade war intensified in August and that took a toll on the broader markets. However, solar stocks were largely positive and hint at future demand.

First Solar (FSLR) stock fell more than 10% from its 52-week high early this month. In a strong solar environment, FSLR stock has gained more than 45% YTD.

Solar stocks have been on an impressive run this year. So far, Enphase Energy (ENPH) stock has risen more than 530% in 2019.

Solar stocks started last week significantly lower due to increased trade war concerns. The solar energy space is one of the hottest sectors this year.

SolarEdge Technologies (SEDG) reported its second-quarter earnings on Tuesday. The company reported an EPS of $0.94 for the quarter ending June 30.

Among the top solar stocks, First Solar broke below its 50-day moving average level, which might open a new downside for the stock in the short term.

First Solar (FSLR) reported its second-quarter earnings results yesterday. It reported EPS of -$0.18 for the quarter.

On Wednesday, SunPower reported its second-quarter earnings after the markets closed. The company reported an adjusted loss of $0.22 per share.

First Solar’s second-quarter earnings on August 1 will likely decide its path going forward. The solar space is one of the hottest sectors this year.

Solar stocks traded a little sluggish in the last few weeks. First Solar has risen more than 53%, while SunPower has risen more than 106% this year.

Analysts expect SunPower (SPWR) to have poor earnings in the second quarter. SunPower’s second-quarter earnings are expected on July 31.

The top solar stocks seem unstoppable. The stocks rose more than 3% last week. Solar stocks are trading at their respective multiyear highs.

There has been a flurry of positive indicators supporting solar stocks recently.

First Solar (FSLR) stock offers a potential upside of 9% for the next 12 months. The stock has a mean target price of $70.3—compared to its current market price of $61.8.

The Solar Energy Industries Association and Wood Mackenzie expect solar installations to increase 25% in 2019 compared to 2018. Previously, the group expected 14% growth in 2019.

Based on analysts’ estimates, First Solar stock offers a potential upside of ~8% for the next 12 months.

First Solar (FSLR) stock rose more than 8% on April 10 and closed almost at its ten-month high.

First Solar (FSLR) stock offers a healthy potential upside of ~18% going forward, compared to its current market price of $54.71.

First Solar (FSLR) stock is currently trading at $54.71. The strength in the stock is underlined by its fair premium to both its key support levels.

Let’s look at the current valuations for the top solar stocks in this part of our series. First Solar (FSLR) stock is currently trading at a forward EV-to-EBITDA valuation of 7x.

Since Tesla’s (TSLA) inception, analysts have remained divided in terms of its future growth prospects.

First Solar (FSLR) released its fourth-quarter and full-year 2018 earnings on February 21.

SunPower reported its fourth-quarter and fiscal 2018 financial results on February 13. The company reported an adjusted loss of $0.21 per share.

In the past year, First Solar (FSLR) stock returned -37%, while SunPower (SPWR) returned -41%.

First Solar (FSLR) stock offers a potential upside of 58% going forward compared to its current market price of $40.5.

First Solar (FSLR) stock is trading at a forward EV-to-EBITDA multiple of 4x based on analysts’ earnings estimates for 2019.

In 3Q16, Yingli Solar (YGE) posted nearly $218.9 million in total revenues. Analysts estimate that it will report ~$242 million in revenues in 3Q17.

Currently, only one analyst is covering Yingli Solar (YGE) stock. The analyst gave the company a “sell” (or 100%) rating.

Yingli Solar will announce its 3Q17 earnings results on December 6 before market hours. Since its 2Q17 earnings, its stock price has fallen nearly 13.1%.

Canadian Solar’s revenues from the sale of electricity in 3Q17 totaled $9.6 million, which was marginally lower than $9.8 million in 2Q17.

In 4Q17, Canadian Solar expects its solar module shipments to reach ~1.7–1.8 GW.

Canadian Solar (CSIQ) reported its 3Q17 earnings results on November 9. CSIQ declared earnings per share of $0.22, slightly below the analyst consensus estimate of $0.26.

In 3Q17, Vivint Solar (VSLR) posted $34.7 million as its cost of revenue for its operating leases and incentives, higher than the $33.8 million in 2Q17 but lower than the $39.3 million in 3Q16.

Vivint Solar reported $75.1 million in consolidated revenue for 3Q17 compared to $73.0 million in 2Q17 and $41.3 million 3Q16.

Vivint Solar (VSLR) reported a cost per watt of $2.94 for 3Q17, higher than the $2.88 it reported in 2Q17 and $3.85 in 3Q16.

Vivint Solar posted $75.1 million in revenues in 3Q17, up by 82% on a YoY (year-over-year) basis.

SunPower (SPWR) reports its revenue under the power plant, residential, and commercial segments. The latter two segments are together called the distributed generation segments.

SunPower (SPWR) announced its 3Q17 earnings before market hours on November 2. In this series, we’ll examine SunPower’s 3Q17 results in detail and compare the results with analysts’ estimates.

SunEdison filed for Chapter 11 bankruptcy on April 21, 2016. It’s currently trading on OTC (over-the-counter) markets under the ticker SUNEQ.

Debt profile As of December 31, 2016, First Solar (FSLR) had total debt of $188.4 million, lower than its debt of $289 million at the end of 2015. The company’s debt is denominated in various currencies, including the US dollar, Malaysian ringgit, and euros. Credit metrics With a net worth of over $5 billion and $555.8 […]

Pre-tax loss First Solar’s (FSLR) pretax loss in 2016 was $471.7 million, compared with a profit of $519.8 million in 2015. The loss could be attributed to the huge $729 million restructuring pre-tax charges faced by the company in the fourth quarter of 2016. Net loss in 2016 First Solar reported a net loss of $358.0 […]

Cost of sales First Solar’s (FSLR) Components segment saw its cost of sales rise 6% to $1.1 billion in fiscal 2016, from $1.0 billion in fiscal 2015. On the other hand, despite higher volumes, the Systems segment’s cost of sales fell 29% to $1.1 billion in fiscal 2016 from $1.6 billion in fiscal 2015. Overall, the company’s cost […]

SunPower expects to incur about $225 million–$275 million in restructuring charges as part of closing its Philippine-based Fab 2 manufacturing facility.

The market cheered SunPower’s restructuring initiatives. The initiatives are expected to reduce the company’s costs and improve its future margins.

For 3Q16, analysts expect Yingli Solar to report a gross profit of about $31.0 million with a gross margin of about 12.4%, which is in line with the company’s gross margin guidance.

Yingli (or Yingli Solar) (YGE) is set to announce its 3Q16 earnings on December 8, 2016. In this series, we’ll look at analysts’ expectations for Yingli Solar’s 3Q16 earnings.

In 3Q16, Trina Solar’s (TSL) consolidated revenue came in at around $741.0 million compared to analysts’ expectations of about $823.0 million.

Trina Solar (TSL) had a total module shipment guidance of 1.55–1.65 GW (gigawatts) for 3Q16. However, it reported 1.36 GW of total solar (TAN) module shipments.

Trina Solar (TSL) announced its 3Q16 earnings results before market hours on November 23, 2016. In this series, we’ll take a look at the results and compare them with analysts’ expectations.

In October, Tesla unveiled the second version of the Powerwall and Powerpack. The second version comes with higher energy storage capacity.

Following its 3Q16 results, Canadian Solar revised down its US GAAP revenue guidance for 2016 to $2.8 billion–$2.9 billion.

On November 16, 2016, First Solar (FSLR) announced an update on its Series 6 product transition and revised its fiscal 2016 guidance.

Canadian Solar’s interest expenses fell considerably in 2Q16 to $11.9 million from $16.1 million at the end of 1Q16.

Canadian Solar (CSIQ) is set to announce its 3Q16 earnings results on November 21, 2016, before market hours.

For the coming quarter, analysts expect Sunrun’s (RUN) revenue to be ~$130 million, and they expect significant improvement in company revenue in the latter half of 1H17.

Sunrun (SUN) reported an operating loss of ~$51 million for 3Q16 compared to an operating loss of $48 million in 2Q16 and $63 million in 3Q15.

For 3Q16, Sunrun’s (RUN) consolidated revenue came in at ~$112 million against analysts’ expectations of $135 million.

Sunrun (RUN) announced its 3Q16 earnings results on November 10, 2016, after market hours. Sunrun reported earnings per share of $0.16, compared to analysts’ consensus EPS estimate of -$0.20.

Vivint Solar (VSLR) reported $39.3 million in operating leases and incentives revenue costs for 3Q16 compared to $38.5 million in 2Q16 and $37.6 million in 3Q15.

Vivint Solar (VSLR) reported a record low cost per watt of $2.85 for 3Q16 as compared to $2.94 in 2Q16 and $3.12 in 3Q15.

Sunrun’s (RUN) gross profit for 2Q16 came in at $22.3 million. For 3Q16, analysts expect the company to report a gross profit of $23.3 million.

Analysts estimate that Vivint Solar (VSLR) will report revenue of $44.0 million in 3Q16, which is almost a 26.0% rise on a quarter-over-quarter basis.

SolarCity’s interest expenses have risen more than fourfold in the last two years.

Between its 2Q16 earnings release on August 9 and October 21, 2016, SolarCity’s stock price fell nearly 19%.

SunPower (SPWR) reported about $380 million in consolidated revenue for 3Q15. Analysts estimate that the company will report revenue of $778 million in 3Q16, which is close to a 105% increase on a year-over-year basis.

Of the 21 analysts covering SunPower Corporation (SPWR) stock, seven analysts gave the company a “buy” rating. Thirteen analysts rated it a “hold,” and one analyst rated the stock as a “sell” on October 18, 2016.

SunPower (SPWR) is expected to announce its 3Q16 earnings results on October 26, 2016, after market hours. In this series, we’ll look at analysts’ expectations for SunPower’s 3Q16 earnings.

In this article, we’ll go through the rationale behind GE’s planned acquisition of LM Wind Power. According to the GWEC, worldwide wind capacity is expected to nearly double in the next five years.

Analysts expect a fall in JA Solar’s revenue in 3Q16. They anticipate that consolidated revenue will fall 7% on a quarter-over-quarter basis.

JA Solar (JASO) stock fell nearly 39% from January 4, 2016, through September 22, 2016.

In October 2013, JA Solar (JASO) launched its high-efficiency monocrystalline Percium modules. These products have a record high conversion efficiency of up to 21%.

Following 2Q16, major downstream solar companies such as Sunrun, SolarCity, and SunPower have revised their 2016 guidances downward.

As the downstream solar industry is still in its growth phase, operating losses are common among incumbent players.

SunPower (SPWR), Sunrun (RUN), Vivint Solar (VSLR), and SolarCity (SCTY) all reported their revenues beating analysts’ 2Q16 revenue expectations.

Out of five analysts covering Yingli Solar (YGE), two analysts rate the stock a “hold.” Three analysts rate the stock a “sell,” and there were no “buy” ratings for YGE on August 25, 2016.

Yingli Solar’s (YGE) total operating expenses in 2Q16 were about $45.4 million, compared to $43.9 million in 1Q16 and $56.3 million in 2Q15.

Among major upstream solar companies, First Solar (FSLR) has the lowest estimated EV-to-EBITDA multiple of 3.9x for 2016. This is followed by Trina Solar’s (TSL) estimated multiple of 6.9x.

Analysts anticipate a decrease in gross profit and gross margin for Trina Solar. For the coming quarter, analysts anticipate that the company will report about $145 million in gross profit, which would be a ~18% decrease on a quarter-over-quarter basis.

Canadian Solar now expects its internal module capacity to reach 5,800 MW by the end of fiscal 2016, as compared to its previous plan of 6,430 MW.

Canadian Solar reported about $637 million in consolidated revenue for 2Q15. Analysts estimate that it will report revenue of about $726 million in 2Q16.