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SunPower to Sell its Microinverter Business to Enphase, FYE 2018 Company Guidance

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / June 19, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on SunPower Corporation (SPWR), a company that provides a diverse group of customers around the world with complete solar solutions and services.

On June 12, 2018 SunPower announced the sale of its microinverter business. SPWR shares jumped from $7.05 per share to $8.00 on the news and have consolidated to $7.75 since then.

See what’s in store for the solar sector in the mid-term and a comprehensive report- READ MORE

Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/sunpower/

On June 12th, the company announced a definitive agreement for Enphase Energy to acquire SunPower’s microinverter business for $25 million in cash and 7.5 million shares of Enphase common stock. The transaction is expected to close at the end of the third quarter of 2018.

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On May 9th, California became the first U.S. state to require solar panels on nearly all new homes built after Jan. 1, 2020. The solar power industry already provides 16% of California's electricity, the highest rate in the U.S., and employs more than 86K workers and this move is a boost for the solar industry.

Q1 financial data, FYE 2018 company guidance and full company overview here READ MORE

Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/sunpower/

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://www.tradersnewssource.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

CONTACT:

editor@tradersnewssource.com

SOURCE: Traders News Source