NEW YORK, NY / ACCESSWIRE / August 22, 2017 / It was a rough day on Monday for solar energy stocks. While some argued that it was the total eclipse responsible as it knocked solar energy sources offline in much of the U.S., others argued that it could be the result of a trade case from last week that is threatening to impose new tariffs on imported solar panels. Shares of both First Solar Inc., as well as SunPower Corporation, fell into the red.

RDI Initiates Coverage on:

First Solar, Inc.
https://rdinvesting.com/news/?ticker=FSLR

SunPower Corporation
https://rdinvesting.com/news/?ticker=SPWR

First Solar, Inc.'s shares closed down 4.37% on Monday. There was no news from the company yesterday but it was one among other solar energy companies to fall into the red after the long anticipated total eclipse occurred. Earlier this month it was revealed that the company sold a 40 Megawatt (MW) alternative current (ac) Cuyama Solar Project to D. E. Shaw Renewable Investments, L.L.C. (DESRI) affiliate. The project, developed by First Solar is one of its first utility-scale solar project in Santa Barbara County, CA, and currently in its construction phase. In the past month, the manufacturer of solar modules has been getting positive earnings revisions. Six estimates have gone higher while none have gone lower. Estimates have moved from 20 cents a month ago to 80 cents.

Access RDI's First Solar, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FSLR

SunPower Corporation's shares closed down 4.33% yesterday. While there was no significant news yesterday from the company, it was announced earlier this month that $25 million has been invested in a Silicon Valley research facility that is producing next-generation solar cells. There are 100 people working at the facility where the company is planning to "ultimately ramp to producing cells and panels used in both residential and commercial applications." CEO Tom Werner has said, "We continue to make the world's best solar panels with technology developed and tested right here in Silicon Valley. These efforts result in domestic job creation, capital investments from our equipment manufacturers and dealers, and more affordable solar energy options for homes and businesses across the U.S. and around the world." Earlier this summer the company's engineers began producing the company's latest generation of solar cells in a pilot production line in Silicon Valley.

Access RDI's SunPower Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SPWR

Our Actionable Research on First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR) downloaded free of charge at Research Driven Investing.

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