Shares of SunPower Corporation (NASDAQ:SPWR) ended Thursday session in green amid volatile trading. The shares closed up +0.08 points or 1.05% at $7.72 with 6.34 million shares getting traded. Post opening the session at $7.63, the shares hit an intraday low of $7.37 and an intraday high of $7.80 and the price vacillated in this range throughout the day. The company has a market cap of $1.01 billion and the numbers of outstanding shares have been calculated to be 138.15 million shares.
SunPower Corporation (SPWR) on Aug. 9, 2016 announced financial results for its second quarter ended July 3, 2016.
“Our second quarter execution was solid as we met our financial targets and achieved key milestones across the company,” said Tom Werner, SunPower president and CEO. “During the quarter we saw significant customer demand for our recently introduced Helix™ and SunPower Equinox™ complete commercial and residential solutions, respectively. We are also seeing stronger than anticipated demand and price premium for our highest efficiency, next generation X-21 and X-22 Series solar panels. In our upstream solar cell and panel manufacturing operations, we delivered strong yields and panel output in our fabs, continued our technology leadership with the announcement of our world record 24.1 percent efficient rooftop solar panel and successfully started up our first high volume, Performance Series production lines in Mexico.
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) ended Thursday session in green amid volatile trading. The shares closed up +0.56 points or 1.96% at $29.18 with 6.32 million shares getting traded. Post opening the session at $28.61, the shares hit an intraday low of $28.61 and an intraday high of $29.27 and the price vacillated in this range throughout the day. The company has a market cap of $144.32 billion and the numbers of outstanding shares have been calculated to be 25.93 billion shares.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.