SunPower Making a Big Move Into China

The sale of 70 MW of concentrator cell packages to a venture in China is a big move for SunPower.

Travis Hoium
Travis Hoium
Apr 5, 2014 at 12:00PM
Energy, Materials, and Utilities

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.