Over the past two years SunPower Corporation‘s (NASDAQ: SPWR) stock hasn’t done so well, due almost entirely to a weak utility scale solar business. The company has faced headwinds from aggressive developers, low prices for commodity solar panels, and a lack of demand for solar projects from utilities in the U.S.
To combat these trends, SunPower has shifted strategies away from its high efficiency solar panels, and we’re starting to see the strategy play out in the market. Here’s what the strategy looks like, and what to look for going forward.