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Gold/Mining/Energy : SunPower Announces Initial Public Offering SPWR
SPWR 1.660-5.4%1:11 PM EST

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To: Eric who wrote (123)10/14/2008 12:32:42 AM
From: Eric  Read Replies (1) of 196
 
Gabelli & Co. initiates coverage on SunPower Corp. (SPWRA) with a Buy. Price
target $90.

Gabelli analyst says, "Centered on technology leadership, SPWRA produces the
highest efficiency commercially available solar modules allowing the company
to command a premium in the market, the high efficiency leads to a smaller
footprint which makes SunPower the preferred choice for rooftop
installations. Using its technological superiority, we believe SunPower will
be able to achieve its pledge to drive down the total installed cost per
watt by 50% from '06 to '12."

SunPower Corporation (SunPower) is a vertically integrated solar products
and services company that designs, manufactures and markets high-performance
solar electric power technologies. Its solar power products are sold through
its components business segment, or its components segment.
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