No upfront cost -- ahh, the American Dream!
The pic above is of one of SunPower’s largest solar installations — it’s in Bavaria, Germany. Looks like we’re about to land in beautiful country, doesn’t it? Germany is a hot spot for the solar power industry because of the very generous government subsidiaries. Onto the business at hand while I’ve got a captive audience “aboard”…
SunPower in a Snapshot
SunPower Corp. (Nasdaq: SPWR) is involved in the design and manufacturer of solar power products primarily in the US, Germany, and Asia.
The company, which is a subsidiary of Cypress Semiconductor (NYSE: CY), is not an upstart like many in this industry – it’s been around since 1985. It’s based in San Jose, the heart (or shall we say, “sol”) of California’s Silicon Valley.
The company’s product lines include: solar cells, solar panels, and inverters; imagining detectors (based on solar power tech) for medical apps; and infrared detectors for computing and mobile phone apps.
The company’s subsidiary, PowerLight Corp, offers a wide range of full solar power systems for commercial, industrial and residential markets. Systems include roof-mounted, roof-integrated, day lighting systems with translucent solar panels (these sound cool), among others.
PowerLight also provides various services such construction management, maintenance and monitoring, etc.
Two Ways to Invest
You can buy stock in either SunPower or its parent company. SunPower’s stock trades on the Nasdaq under the ticker symbol SPWR. Cypress’s stock trades on the NYSE under the ticker CY.
Power Purchase Agreement (PPA) Business Model
This model should be called PPPA — with that first “P” for “powerful!”
This model involves no upfront cost for the customer (commercial and public agencies only, so Harry and Harriet Homeowner can’t get in on this one). And we’re not talking pay nothing now, but pay through the nose later, ala credit cards and other high-interest rate gimmicks.
Here’s how it works:
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