SPWR - SunPower Corp - Six of the nine covering analysts have raised their forecasts over the past month

SunPower Corporation has been heating up portfolios lately. The stock is almost at $90, up from the upper $50's in March. The company posted a 4.8% surprise in its recent quarter. Six of the nine covering analysts have raised their forecasts over the past month. During that time, this year's earnings estimates have increased 18 cents to $1.68 per share.

Full Analysis

SunPower Corporation (SPWR) designs, develops, manufactures, markets and sells high-performance solar electric power technology products, systems and services worldwide for residential, commercial and utility-scale power plant customers. The company's semiconductor-based solar cells and solar panels, which convert sunlight into electricity, are manufactured using proprietary processes and technologies based on over 15 years of research and development.

SPWR operates through two business segments: Components and Systems. SunPower's solar power products are sold through its Components segment. The Systems segment, formerly known as PowerLight Corporation before the merger with SunPower in January 2007, develops, engineers, manufactures and delivers large-scale solar power systems. The company s solar power systems, which generate electric energy, integrate solar cells and panels manufactured by SunPower and other suppliers.

The company believes that its solar cells have the highest conversion efficiency available for the mass market. SunPower's proprietary all back-contact solar cell design results in conversion efficiencies up to 50% higher per unit area than conventional solar cells.

As an early to market participant, management believes that SunPower is increasingly recognized as a technology leader within the solar industry and with customers, specifically associating the SunPower brand with advantages in efficiency, system performance and appearance.

The experience of the management team is also a plus in this ever-changing industry. SunPower's executive officers have an average of over 20 years of experience in the solar or high technology industries. The management team has a diverse set of industry skills and global operating experience, including backgrounds spanning the solar, electric utility, semiconductor and optical media industries, as well as expertise running high-volume, low-cost manufacturing operations, complex organizations and managing rapid growth.

The company posted a 4.8% surprise in its recent quarter. Six of the nine covering analysts have raised their forecasts over the past month. During that time, this year's earnings estimates have increased 18 cents to $1.68 per share. Analysts are expecting earnings to surge another 82% next year to $3.06 per share.

Content Courtesy: Zacks Investment Research

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