Thursday, May 27, 2010

Cowen’s Stone Comments on SunPower JV With AU Optronics (SPWRA; SPWRB)

The stock is up 20% at $12.97.The JV was one of the three stories in the post immediately below, "SunPower Completes Euro 44.5 Million Financing for Expanding Italy's Largest Solar Power Park" (SPWRA; SPWRB).
From SmallCapPulse:
...Key Takeaways

· AUO’s 50% ownership of M. Setek could be synergistic to the partnership as well

· This move should enable a faster ramp of Fab 3 and for SunPower to meet demand and regain market share· If SunPower is able to achieve meaningful cost reductions, should be able to continue to trade at premium to solar group

· The JV could be a bullish indicator for group consolidation ahead...MORE

See also yesterday's:
Are the Option Bears too late on Sunpower? (SPWRA; SPWRB)