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Canada Business News and Press Releases
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(Trading News Bulletin, March 18, 2011 ) Vancouver, BC -- SunPower Corporation (SunPower) is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. The Company operates through two business segments: components segment and systems segment.
According to outcome shown in graph it is visible that revenue has increased in the last quarter ended as on October 03, 2010. The SunPower showed mix trend throughout the year and revenue has reached to $550.64 million in quarter ended as on October 03, 2010. The SunPower SunPower showed mix trend, it started with higher revenue, kept decreasing thereafter and reached on peak on October 03, 2010 as shown in graph. The positive indication in these results is, the last quarterÂ’s revenue is 2.5 percent greater as compared to previous quarterÂ’s revenue as on July 31, 2010.
SunPower generated current quarterly net income of $20.12 million that are significantly greater than last quarterÂ’s closing of $6.36 million. Moreover, net income is still positive and it produced healthy results as compared last quarterÂ’s ending.
The companyÂ’s cash flow from operations has decreased to negative $77.86 million from last quarterÂ’s ending cash flow of negative $49.63 million. That is not a good sign if this trend continues then the company could face some problems to repay debts.
Total assets of company mount up to $2.90 billion as of October 03, 2010 that is about 3.01% less than last quarterÂ’s ending and it has also managed to maintain the current ratio. The companyÂ’s total equity is gradually decreasing which depicts that company is going to have some funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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