Solar Stock Winners and Losers: SunPower

The march of solar power is continuing, at least if you go by recent production moves in the industry.

SunPower(SPWRA Quote) and Jabil Circuit (JBL Quote) announced an agreement Monday for the latter to produce solar panels in Mexico, and Trina Solar(TSL Quote) announced it will build a new warehouse in California.

Jabil will build panels for SunPower's North American solar market starting later this year.

SunPower, based in San Jose, Calif., said it was a first step in a long-term strategy to implement regional panel assembly for improved customer service and reduced costs. The company is also continuing to evaluate establishing localized manufacturing facilities in large solar markets in the U.S.

"This agreement provides SunPower with the flexibility to site manufacturing near the largest and fastest growing solar markets in North America, improving the efficiency of our supply chain," said Marty Neese, SunPower's chief operating officer. "Jabil's extensive experience in manufacturing and high-quality standards makes them an ideal partner for producing SunPower's solar panels."

SunPower also announced Navneet Govil has joined the company as its vice president and treasurer.

"Navneet brings to SunPower a wealth of experience managing finance and foreign exchange activities for multinational companies," said Dennis Arriola, SunPower's senior vice president and CFO.

Trina Solar, a Changzhou, China-based maker of solar photovoltaic products ranging from the production of ingots, wafers and cells to the assembly of PV modules, on Monday announced plans for a new warehouse in Oakland, Calif.. Shares finished down 1.4% to $26.97.

"We are pleased to announce the establishment of our first warehouse in North America, which will help to accommodate the growing demand for our products, pursue new relationships and better serve our customers," said Arturo Herrero, Trina Solar's vice president of sales and marketing. "In addition, we view the outlook for PV installations in the United States as positive given the national promotion of a green economy to secure energy independence and create green jobs."