SunPower CEO Tom Werner on Solar Tariffs | VIDEO

CNBC interview with SunPower CEO Tom Werner for a Nightly Business Report

CNBC recently interviewed SunPower CEO Tom Werner for a Nightly Business Report segment on how solar tariffs will impact the solar industry.

The CEO sounded confident that the company’s solar technology and products are the best in the market.

He expressed concern that the new tariffs introduced by the Trump administration on imported solar cells and modules might have an adverse effect on the company’s bottom line.

Stating that because SunPower has factories outside of the U.S., they would be affected by this tariff although they produce their solar panels in the U.S.

Adding that this might mean a reduction in expected income growth for shareholders and job losses for some of the over 1100 people employed by the company.

More Stories From Around the Web:

Leave a Reply

Your email address will not be published. Required fields are marked *

What to Read Next:

Solar’s growth potential with Internet-Of-Things (IoT)

Solar Energy keeps on growing exponentially. With the power of the Internet of Things (IoT), platform, the potential is endless....

Why the cost of solar panels have declined

A kilowatt of solar electricity for 3 cents a kilowatt hour by this really attainable in the U.S.? According...

SunPower’s loss widened to $568.68m in Q4 2017

SunPower's net loss attributable to shareholders widened to $568.68 million, or $4.07 per share, from $275.12 million, or $1.99 per...

Lead-free perovskite material for solar cells

A class of materials called perovskites has emerged as a promising alternative to silicon for making inexpensive and efficient solar...

Pathways to meet DOE residential solar cost target for 2030

Leveraging cost-reduction opportunities in the roof replacement or new construction markets for residential photovoltaic (PV) installations could help the United...