Thursday, January 24, 2008

SunPower to cut solar system costs in half by 2012 (SPWR)

If they can do it FSLR will have to react.
(or tell the shareholders they brought a cricket bat
to a baseball game, and I don't see that happening)
From Reuters:

SunPower Corp (SPWR.O: Quote, Profile, Research) said on Thursday it expected to cut the cost of installed solar power systems in half by the end of 2012.

"It is SunPower's plan to compete with retail electric rates," Chief Executive Tom Werner said on a conference call with analysts and investors. "We are driven to move beyond the current set of solar incentive policies by reducing costs 50 percent by year-end 2012." (Reporting by Nichola Groom; Editing by Jeffrey Benkoe)