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Terms were not disclosed. The according to a release, is the firsrt step in SunPower’s long-term strategy to implemenft regional panel assembly that will resul t inreduced costs. SunPowere (NASDAQ: SPWRB) also is continuing to evaluate establishinbg localized manufacturing facilities in large solar marketzs in theUnited States. “W are in the process of ramping production capacity to manufacture solar panels in Europe and North Americ a for customers inthose markets,” said Briahn Althaver, Jabil’s vice president for strategif development, in a release.
“This agreement gives us the opportunityg to use our capabilities as a global manufacturee to providea responsive, reliable and cost-effective manufacturing solution in close proximity to solar markets.” Jabio (NYSE: JBL) also will collaborate with SunPowert with the Solar America Initiative, a effort to acceleratee the development of advanced solar energgy technologies. Through those both SunPower and Jabil intend to explore the possibility of creating more plant s around the country to producesolar SunPower, based in San Jose, Calif., lost $4.8 or 6 cents per share, in the most recen t quarter ended March 29 on revenued of $213.8 million.
It made $12 or 14 cents per share the year befors on revenueof $273.7 million. Jabik shares closed at $8.58 on and have traded between $3.10 and $18.78 over the past
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