Jabil strengthens solar panel footprint - Tampa Bay Business Journal:

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Terms were not disclosed. The agreement, accordinv to a release, is the firsyt step in SunPower’s long-term strategy to implement regionalp panel assembly that will result in reduced SunPower (NASDAQ: SPWRB) also is continuing to evaluats establishing localized manufacturing facilities in large solar markets in the Unitexd States. “We are in the process of rampingb production capacity to manufacture solarr panels in Europe and Nort America for customers inthose markets,” said Brianj Althaver, Jabil’s vice president for strategic development, in a “This agreement gives us the opportunitg to use our capabilities as a global manufacturer to providee a responsive, reliable and cost-effective manufacturing solution in closs proximity to solar markets.
” Jabil JBL) also will collaborate with SunPower with the Solar America Initiative, a effort to accelerate the development of advance solar energy technologies. Through those efforts, both SunPowet and Jabil intend to explorwe the possibility of creating more plants around the country to producersolar panels. SunPower, based in San Jose, lost $4.8 million, or 6 cents per share, in the most recenrt quarter ended March 29 on revenureof $213.8 million. It made $12 or 14 cents per share the year beforw on revenueof $273.7 million. Jabil shares closed at $8.58i on Friday, and have traded between $3.100 and $18.
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