October 24, 2020

Stocks In Focus: SunPower Corporation (NASDAQ:SPWR), Northern Tier Energy

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SatelliteBy Sebastian Gomes • November 14, 2013 •

Lakeway, NY — (MARKET NEWS CALL) — 11/14/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on SunPower Corporation(NASDAQ:SPWR), Northern Tier Energy LP(NYSE:NTI), QUNAR CAYMAN ISLANDS LTD(NASDAQ:QUNR).

SunPower Corporation(NASDAQ:SPWR) shares gained 3.08% to $33.64. The company on Nov. 4 announced that it has acquired Greenbotics, Inc., a Davis, Calif.-based company that offers panel cleaning products and services for large-scale solar power plants.  With this strategic acquisition, SunPower expands its energy services portfolio for global customers with the SunPower Oasis Power Plant product, especially in markets with challenging dirt and dust environments.  SunPower expects to utilize the robotic technology and the Greenbotics team in conjunction with other product development and large-scale solar field installation projects.

Should Investors Buy SPWR After Yesterday’s Slump? Find Out Here

Northern Tier Energy LP(NYSE:NTI) shares increased 4.56% to $25.47. The company on Nov. 12 announced that its private equity sponsors, ACON Investments, L.L.C. (“ACON”) and TPG, have entered into a definitive agreement to sell all of their interests in Northern Tier Energy, including those of the general partner, to Western Refining, Inc. (WNR) for total consideration of $775 million plus the distribution on the common units acquired with respect to the quarter ended September 30, 2013.  As a result of this transaction, Western Refining now owns 100% of the general partner and 35,622,500 common units, or 38.7%, of Northern Tier Energy.  The balance of the limited partner units will remain publicly traded.  The transaction was signed and closed on November 12, 2013.

Can Traders Buy NTI After The Solid Rally? Get Free Trend Analysis Here

QUNAR CAYMAN ISLANDS LTD(NASDAQ:QUNR) shares climbed 3.36% to $28.57. The company announced that it will report its financial results for the third quarter ended September 30, 2013, after the U.S. market closes on November 19, 2013. Qunar’s management will hold an earnings conference call at 8:00 PM on November 19, 2013, U.S. Eastern Time (9:00 AM on November 20, 2013, Beijing/Hong Kong Time).

Should Investors Rush To Buy QUNR After The Solid Rally? Get Special Report Here

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California’s Community Colleges Go Solar with SunPower

SAN JOSE, Calif., Nov. 6, 2013 /PRNewswire/ — At the Community College Facility Coalition Annual Conference in Sacramento today, SunPower Corp. (NASDAQ: SPWR) announced it has installed approximately 20 megawatts (MW) of solar power systems at 12 community college districts in California. The systems are generating enough clean, renewable solar electricity to power more than 4,100 California homes each year, according to calculations provided by the Solar Energy Industries Association. If the colleges were to buy the power from their utilities at current rates, it’s estimated the districts are avoiding approximately $5.4 million in annual electricity costs.

SunPower is currently completing construction of its largest community college district solar installation to date. College of the Desert in Palm Desert, Calif. expects to have 3.8 MW of SunPower solar carports operating by the end of the year. The solar power systems are expected to generate up to 66 percent of the total electricity consumed on campus, delivering much-needed savings while supporting the college’s commitment to sustainable practices.

“With on-campus solar power systems, California’s community colleges are maximizing resources and providing accessible educational opportunities to students. Solar electric systems generate utility savings year after year, delivering needed savings to enhance academic programs,” said Howard Wenger, SunPower president, regions. “SunPower delivers the most efficient and reliable solar technology on the market today, with guaranteed performance.”

SunPower systems at California community colleges are offsetting the production of almost 16,000 tons of carbon dioxide each year, according to estimates provided by the U.S. Environmental Protection Agency. This carbon dioxide offset is equivalent to removing nearly 74,000 cars from California roads over the next 25 years.

About SunPower Corp.

SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpower.com.

SunPower is a registered trademark of SunPower Corp.  All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.

Note to Readers: SunPower’s press releases, presentations and printed remarks and materials are included on this website for historical purposes only. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time; therefore, visitors to this website should not assume that the information contained in these documents remains accurate at a later time. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents.

This website may contain information considered to be forward-looking and reflects management’s current expectations. These forward-looking statements may be identified by terminology such as may, will, could, should and expect and the negative of these terms or other similar expressions. We remind you that these statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: our limited operating history and variability of operating results; our ability to identify and retain key customers; our ability to anticipate consumers’ desires and design new products that incorporate feature sets that are attractive to our customers; our ability to manage and maintain our suppliers; our dependence on key employees; changes in laws and regulations associated with solar power; risks associated with general economic uncertainty; and other risk factors. Please refer to our SEC filings for a more detailed description of some of these and other risks and uncertainties that could affect our performance or achievements. You should not place undue reliance on these forward-looking statements.

 

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