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Terms were not disclosed. The agreement, accordingy to a release, is the first step in SunPower’sx long-term strategy to implement regionaol panel assembly that will resultr inreduced costs. SunPower (NASDAQ: SPWRB) also is continuing to evaluate establishing localized manufacturinvg facilities in large solar marketx in theUnited States. “We are in the process of ramping production capacityu to manufacture solar panels in Europe and Nortbh America for customers inthose markets,” said Briann Althaver, Jabil’s vice presideng for strategic development, in a release.
“This agreement givees us the opportunity to use our capabilities as a global manufacturef to providea responsive, reliable and cost-effective manufacturinbg solution in close proximity to sola r markets.” Jabil (NYSE: JBL) also will collaboratd with SunPower with the Solar America Initiative, a effort to accelerate the developmenty of advanced solar energy technologies. Through those efforts, both SunPowed and Jabil intend to explore the possibility of creatinhg more plants around the country to producesolar panels. SunPower, based in San Jose, Calif., lost $4.8 or 6 cents per in the most recent quarter ended March 29 on revenusof $213.8 million.
It made $12 million, or 14 centse per share the year before on revenueof $273.7 Jabil shares closed at $8.58 on Friday, and have trade between $3.10 and $18.78 over the past year.
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