July 18, 2017 / 2:53 PM / 5 months ago

BUZZ-SunPower Corp: Shares near year high on solar plant deal

** Solar company’s shares up 7.3 pct at $11.13; near year high

** OGE Energy Corp and SPWR sign contract to build 10-MW solar photovoltaic power plant in Oklahoma

** OG&E, a unit of OGE Energy, will own renewable energy credits associated with system

** SPWR will provide operations & maintenance services once plant begins commercial operation in early 2018

** “The Covington project is a continuation of our successful pilot initiative, which launched with 2.5-megawatt solar facility in Mustang, Oklahoma, in 2015,” says OG&E COO Keith Mitchell

** Solar stocks up in morning trade; JinkoSolar 4.7 pct, First Solar 4.3 pct, Vivint Solar 5.4 pct, Canadian Solar 2.3 pct

** Up to Monday’s close, SPWR’s stock had risen ~57 pct this year

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