William Blair & Company Initiates Coverage of SunPower Corporation With Outperform Rating
SunPower zu myNews hinzufügen Was ist das?
William Blair & Company initiated research coverage of SunPower
Corporation (Nasdaq:SPWR) ($82.77), a leading supplier of
high-performance solar cells and panels, with an Outperform rating and
Aggressive Growth company profile.
Analyst Corey Tobin estimated that the company would generate pro forma
fully taxed EPS of $1.02 in 2007 and $1.91 in 2008.
"SunPower’s growth
opportunity is underpinned, in our view, by positive macroeconomic
factors, including: 1) increasing electricity prices, 2) substantial
worldwide government efforts to promote environmentally friendly energy
policies, and 3) the push for energy independence among both government
entities and private enterprises,” Tobin said.
"SunPower is well positioned to benefit from
increasing solar demand, in our view, as a result of its broad and
differentiated product offering,” he added. "This,
in our opinion, is driven in part by industry-leading conversion
efficiency, superior product aesthetics, and the company’s
ability to closely integrate its solar cell and panel assembly
operations with the design and installation capabilities acquired in
early 2007 (PowerLight).”
William Blair & Company, L.L.C. has received compensation for investment
banking services from the company within the past 12 months, or expects
to receive or intends to seek compensation for investment banking
services in the next 3 months.
William Blair & Company, L.L.C. is a market maker in the security of
this company and may have a long or short position.
William Blair & Company, L.L.C. is a Chicago-based investment firm
offering investment banking, asset management, equity research,
institutional and private brokerage, and private capital to individual,
institutional, and issuing clients. Since 1935, we have been committed
to helping clients achieve their financial objectives. As an
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clients' interests first and foremost. We place a high value on the
enduring nature of our client relationships, the quality of our products
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please visit: http://www.williamblair.com/Pages/news_story_dept.asp?uid=1271&depID=4
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