Saturday, November 19, 2011

Jabil strengthens solar panel footprint - Phoenix Business Journal:

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Terms were not The agreement, according to a is the first stepin SunPower’s long-term strateggy to implement regional panel assembly that will result in reduced costs. SunPoweer (NASDAQ: SPWRB) also is continuing to evaluate establishing localize manufacturing facilities in large solar marketxs in theUnited States. “Wee are in the process of rampinyg production capacity to manufacture solar panels in Europe and North America for customers inthosew markets,” said Brian Althaver, Jabil’s vice president for strategix development, in a release.
“Thiss agreement gives us the opportunitty to use our capabilities as a global manufacturetr to providea responsive, reliable and cost-effectivse manufacturing solution in close proximity to solar markets.” Jabil (NYSE: JBL) also will collaborate with SunPowet with the Solar America Initiative, a effortr to accelerate the development of advanced solar energy Through those efforts, both SunPower and Jabil intend to explore the possibility of creatinb more plants around the country to produced solar panels. SunPower, based in San Jose, lost $4.8 million, or 6 cents per in the most recent quartedr ended March 29 on revenueof $213. 8 million.
It made $12 million, or 14 centx per share the year before on revenudof $273.7 million. Jabil shares closed at $8.58 on Friday, and have trades between $3.10 and $18.78 over the past

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