Thursday, July 23, 2009

RF Position Update: SPWRA

RF wins in SIZEEEEEEEEEEEE

Sunpower beats by $0.10, beats on revs; guides FY09 EPS above consensus, revs above consensus (24.85 +0.82) Reports Q2 (Jun) earnings of $0.24 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.14; revenues rose 39.4% year/year to $298 mln vs the $263.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.15-1.60 vs. $0.96 consensus; sees FY09 revs of $1.35-1.7 bln vs. $1.32 bln consensus. Co reiterates FY09 capex guidance of $250-300 mln and production guidance of 400 MW."

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