SunPower Riding Wave of U.S. Solar Growth
SunPower Corporation (NASDAQ: SPWR) isn't out of the woods yet in its efforts to turn its business around, but the recovery plan appears to be going even better than expected. Not only did second-quarter revenue and margins beat guidance, the company boosted guidance for the full year.
It's not only the solar industry's strength that are bolstering demand and solar panel sales prices -- technology improvements are starting to kick in as well. And if capacity updates and new technologies like energy storage start to contribute to results, there may be a bright future ahead.
Image source: SunPower.
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