SunPower Is Steadily Winning the Solar Battle
SunPower is known around the solar industry as the manufacturer of the most efficient and some of the most expensive panels in the industry. But it's also one of the largest utility-scale project builders in the world and has an emerging business in residential solar. That's where that high efficiency can overcome high costs and create a lower cost of energy than competitors.
Some may be surprised to find out that SunPower's 44 MW of residential solar installed last quarter is behind only SolarCity in the U.S. If we look globally, the 128 MW it installed makes it the No. 1 residential solar company in the world.
SunPower is also winning against First Solar , which has long had some of the lowest costs in the industry. Over the past year, SunPower's margins have been rising and it's running factories at capacity while First Solar's margins are down and it's making just 83% of the panels it could.
In the video below, solar analyst Travis Hoium covers how SunPower is winning in solar and what the next big steps are for the company.
The next great growth opportunity
Motley Fool co-founder David Gardner has proven the ability to pick top growth stocks time and time again with returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.
The article SunPower Is Steadily Winning the Solar Battle originally appeared on Fool.com.
Travis Hoium manages an account that owns shares of SunPower and personally owns shares and has the following options: long January 2015 $5 calls on SunPower, long January 2015 $7 calls on SunPower, long January 2015 $15 calls on SunPower, long January 2015 $25 calls on SunPower, and long January 2015 $40 calls on SunPower. The Motley Fool recommends and owns shares of SolarCity. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.