SunPower (SPWR) Corporation Well-Positioned to Enter New Markets

February 28, 2014

Robert W. Baird & Co. Analyst Ben Kallo says the solar market is becoming less dependent on subsidy-driven markets like Europe. He says as the market for solar power expands into new regions, SunPower Corporation (SPWR) is a likely beneficiary.

“Over time, as costs have come down, new markets have opened up,” Kallo says. “In 2013 we saw China become a very real market, we saw Japan become a very, very strong market. The United States is entering its stride…”

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Kallo credits SunPower’s relationship with Total as one of the reasons SunPower is best positioned to enter new markets. He says Total could help SunPower establish a presence in Chile and South Africa.

Total is one of the largest integrated oil and gas companies. They operate in all of these different regions that will become very viable solar markets,” Kallo says. “So they’ll help SunPower enter these regions in a cost-effective way.”