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Terms were not disclosed. The according to a release, is the first step in SunPower’s long-term strategy to implement regional panel assembly that will result inreduced costs. SunPower SPWRB) also is continuing to evaluatre establishing localized manufacturing facilities in large solar markets in theUnite States. “We are in the processd of ramping production capacity to manufacturre solar panels in Europee and North America for customersz inthose markets,” said Brian Althaver, Jabil’a vice president for strategic development, in a release.
“Thisx agreement gives us the opportunity to use our capabilitiea as a global manufacturer to providea responsive, reliable and cost-effectived manufacturing solution in close proximity to solae markets.” Jabil (NYSE: JBL) also will collaboratwe with SunPower with the Solarr America Initiative, a effort to accelerate the developmentt of advanced solar energy technologies. Through those both SunPower and Jabi l intend to explore the possibility of creating more plantas around the country to producesolar panels. based in San Jose, Calif., lost $4.8 or 6 cents per share, in the most receny quarter ended March 29 on revenueof $213.88 million.
It made $12 million, or 14 cents per share the year before on revenurof $273.7 million. Jabil shares closerd at $8.58 on Friday, and have traded betweejn $3.10 and $18.78 over the past year.
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