SunPower's Growth Plans Take Shape
SunPower Corporation (NASDAQ: SPWR) has spent the last few years just trying to survive in the solar industry, and has made some mistakes along the way. It's gone from expanding solar farm development to exiting utility-scale development entirely, even abandoning its traditional solar cells for that market. In residential and commercial solar it's struggled to keep up with the cost and efficiency improvements of commodity suppliers, putting pressure on margins.
This year the company has demonstrated that its technology investments in what are known as A-Series and P-Series solar panels are beginning to pay off. P-Series is growing like crazy, and A-Series is just showing its potential. If both products continue to gain momentum and SunPower can build scale, it could be on a growth path once again and be a top renewable energy stock if all goes well.
Image source: SunPower.
Source Fool.com
