24 Feb '15, 8pm

SunPower increasing capital spending by at least 80% in 2015

SunPower has guided 2015 CapEx to be in the range of US$300 million to US$350 million, compared to 2014. Image: PV Tech After cutting R&D spending in 2013 to US$58 million, down from US$63.4 million in 2012, SunPower spent US$73.3 million in 2014. Part of the increase in spending was attributed to an increase in R&D headcount, which increase from 300 in 2013 to 337 at the end of 2014. Image: PV Tech Financials SPWR NASDAQ 32.39 -0.41 (-1.25%) 12:12PM EST Major PV energy provider SunPower is set to significantly increase capital spending (CapEx) in 2015. SunPower has guided 2015 CapEx to be in the range of US$300 million to US$350 million, compared to 2014, which totalled US$166.9 million and within its guided range of US$150 million to US$170 million. The CapEx increase equates to at least an 80% increase over the previous year and at the high-end of guidance would equate ...

Full article: http://www.pv-tech.org/news/sunpower_increasing_capital_s...

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