SunPower Making a Big Move Into China

It's been tough for U.S. companies to break into the Chinese solar market, which is where Trina Solar (NYSE: TSL  ) and JinkoSolar (NYSE: JKS  ) are relying on growth to regain profitability. 

But SunPower  (NASDAQ: SPWR  ) recently sold 70 MW of concentrator cell packages to a joint venture in China, part of 120 MW of projects the venture is building there. Not only is this a step into the Chinese market, it's a major step for concentrator solar, something First Solar (NASDAQ: FSLR  ) and others are looking into as well. 

In the video below, solar analyst Travis Hoium covers why he thinks this is a big move for a company that doesn't normally compete in China. 

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