SunPower (SPWR) to Commence Restructuring; Sees Charges; Offers FY17 Outlook

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Go back to SunPower (SPWR) to Commence Restructuring; Sees Charges; Offers FY17 Outlook

SunPower Announces Restructuring Program

December 7, 2016 8:00 AM EST

SAN JOSE, Calif., Dec. 7, 2016 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) today announced a broad restructuring program to position the company for long term, sustainable growth. 

"As we announced in our third quarter 2016 earnings release, given the current market dislocation, we have made the strategic decision to implement a broad restructuring program to position the company for sustained, long term profitability," said Tom Werner, SunPower president and CEO. "We believe that our restructuring initiatives will enable us to successfully... More