On July 19, solar panel maker SunPower
- Revenue grew 217.7% year over year and 22% compared with the first quarter.
- The company signed a 10-year silicon supply agreement this month with Hemlock Semiconductor, with deliveries beginning in 2010.
- For the full year, management expects earnings per share of $1.13 to $1.20.
- SunPower sports a so-so two-star rating in the investor intelligence database that is Motley Fool CAPS. Fellow solar players Suntech Power
(NYSE:STP) and Evergreen Solar(NASDAQ:ESLR) sport five-star and two-star ratings, respectively.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$173.8 |
$54.7 |
217.7% |
|
Net Profit |
($5.3) |
$5.4 |
N/A |
|
EPS |
($0.07) |
$0.08 |
N/A |
|
Diluted Shares |
75.1 |
69.4 |
8.2% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
17.1% |
20.9% |
(3.8) |
|
Operating Margin |
(7.6%) |
7.1% |
(14.7) |
|
Net Margin |
(3.1%) |
9.8% |
(12.9) |
*Expressed in percentage points
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$175.9 |
$297.4 |
(40.9%) |
|
Accounts Rec. |
$93.1 |
$34.3 |
171.6% |
|
Inventory |
$100.8 |
$21.6 |
367.3% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$115.6 |
$25.4 |
355.2% |
|
Long-Term Debt |
$200.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
The data wasn't available.
Free cash flow is a Fool's best friend.
Related Foolishness:
- Before the Call: Collective Intel-igence
- Is SunPower In for a Meltdown
- Evergreen Solar: Good News, Bad News
Suntech Power is a Motley Fool Rule Breakers recommendation. Try out the market-beating service free for 30 days. Intel is an Inside Value pick.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
