Pacific Crest’s Bachman Maintains SunPower (Nasdaq:SPWRA) at Sector Perform
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/VtI9xHljyJc/Posted on Thursday, June 11th, 2009 | In Market Commentary, Small & Micro Cap
June 10, 2009 ndash; Analyst Comments ndash; Pacific Crestrsquo;s Mark Bachman weighed in this morning on SunPower (Nasdaq:SPWRA) maintaining the stock at SECTOR PERFORM, noting that he still has near-term concerns, but also recognizing long-term operational improvements.
Key Takeawaysnbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Making strides lowering BOS costs which should result in meaningful reductions to long-term pricing modelsnbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; SunPower is petitioning to increase the California Valley Solar Ranch by 25MWnbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; The new tracker design will reduce cost and will eliminate need to build onsite cement batch plants for large installs; also enables trackers to be placed closer together increasing the power density of large projectsnbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Concerned about CSI data which shows that competitors (Suntech, Sharp and Solarworld) are gaining market share and also about slow progress of utility scalenbsp; marketnbsp;nbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Maintains SECTOR PERFORM rating
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