SunPower Reports Fourth-Quarter 2009 Results

Record Q4-2009 revenue of $548 million; fiscal-year 2009 revenue of $1.52 billion -- Q4 GAAP EPS of $0.09 and non-GAAP EPS of $0.47 - includes $0.03 per share in accounting investigation expenses -- Completed largest solar power plant in Italy, 24-megawatt (MW) project in Montalto -- Completed construction of more than 100-MW rooftop and ground mount systems in 2009 -- More than doubled the number of SunPower dealers in 2009 to ~1,000 dealers in eight countries -- Announced the acquisition of SunRay Renewable Energy - will add 1.2 gigawatt pipeline -- Announced 200 MW, five year rooftop supply agreement with Southern California Edison -- Financed 19-MW power plant for Xcel Energy in Colorado to be completed in 2010 -- Announced 32-MW supply agreement with Toshiba for 2010 delivery -- Appointed Jim Pape to lead Residential and Commercial (R&C) business unit

Labels: Bearish, Earnings, Solar Stocks, SPWRA

posted by Ertai at 11:46 AM