Wednesday, September 3, 2008

SunPower CEO sees 10-20 pct price drop next year (SPWR)

The group is down for the second straight day, Sunpower was recently at $85.19 down $5.95 after dropping $6.41 yesterday. From Reuters:
SunPower Corp (SPWR: Quote), a leading U.S. maker of photovoltaic solar panels, expects its sales prices to drop by between 10 and 20 percent next year, Chief Executive Officer Thomas Werner said on Wednesday....
Update: here's a better link.
(in Reuters words "Adds quotes, details")

A couple of our August posts on SPWR:

Aug. 29
First Solar, SunPower, To Get Clobbered In 2009, Sell After Trade Show (FSLR, SPWR, AMAT)

Aug. 26
Why we Didn't get too Excited about the Sunpower/PG&E Deal (PCG; SPWR)