Solar energy manufacturer SunPower (SPWR) continued its revenue slide late Tuesday when it reported its third straight sequential decline, with sales plummeting 39% from the year-earlier quarter, its biggest percentage decline since Q4 2011. The revenue drop comes five months after No. 2 solar panel maker SunPower partnered with No. 1 First Solar (FSLR) to create 8point3 Energy Partners (CAFD), a yield company, or yieldco. The IPO prospectus for
The newly formed yieldco 8point3 Energy Partners (CAFD) began trading Friday on the Nasdaq, with shares flat after pricing high. 8Point3 Energy Partners opened at 20.75, down from its initial price, and remained near that price in midday trading in the stock market today. 8point3 Energy Partners — it takes 8.3 minutes for light from the sun to reach the earth, hence the name — raised $420 million Thursday, pricing 20 million shares at 21, the high
Solar company 8point3 Energy Partners (CAFD) raised $420 million Thursday evening, pricing 20 million shares at 21, the high point of its estimated range. The pricing was reported by research firm IPOboutique.com. The stock will begin trading Friday on the Nasdaq exchange. 8Point3 is described as a growth-oriented limited partnership formed by First Solar (FSLR) and SunPower (SPWR) to own, operate and acquire solar energy generation projects. In