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SunPower Producing Solar Panels at Full Speed and May Expand Capacity
SunPower Producing Solar Panels at Full Speed and May Expand Capacity
Ehren Goossens, Bloomberg
August 01, 2013
NEW YORK CITY -- SunPower Corp., the second-largest U.S. solar manufacturer, is selling panels as fast as it can make them and is seeking ways to expand production capacity in anticipation of increasing global demand.
The company reached “full manufacturing utilization” in the second quarter, Chief Financial Officer Chuck Boynton said during a conference call yesterday. It’s considering expanding a production joint venture with the Taiwanese electronics maker AU Optronics Corp. or building new fabrication facilities. It also recently announced its foray into residential leasing.
SunPower is mulling an expansion as the rest of the industry contends with a global oversupply of panels that’s driven down prices and margins. Chief Executive Officer Tom Werner is seeking to position the company to gain share, especially in Asia.
“We’re fully allocated,” Werner said in an interview yesterday. “There are times you wish you could build a new fab.”
SunPower’s sales in Asia doubled...
Ehren Goossens, Bloomberg
August 01, 2013
NEW YORK CITY -- SunPower Corp., the second-largest U.S. solar manufacturer, is selling panels as fast as it can make them and is seeking ways to expand production capacity in anticipation of increasing global demand.
The company reached “full manufacturing utilization” in the second quarter, Chief Financial Officer Chuck Boynton said during a conference call yesterday. It’s considering expanding a production joint venture with the Taiwanese electronics maker AU Optronics Corp. or building new fabrication facilities. It also recently announced its foray into residential leasing.
SunPower is mulling an expansion as the rest of the industry contends with a global oversupply of panels that’s driven down prices and margins. Chief Executive Officer Tom Werner is seeking to position the company to gain share, especially in Asia.
“We’re fully allocated,” Werner said in an interview yesterday. “There are times you wish you could build a new fab.”
SunPower’s sales in Asia doubled...
http://www.renewableenergyworld.com/rea/news/article/2013/08/sunpower-producing-solar-panels-at-full-speed-and-may-expand-capacity?cmpid=WNL-Friday-August2-2013
