SunPower Reports Fourth Quarter 2016 Results
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Go back to SunPower Reports Fourth Quarter 2016 Results
February 16, 2017 7:23 AM EST
Baird Equity Research analyst Ben Kallo reaffirms Neutral rating and $7 price target on SunPower Corporation (NASDAQ: SPWR), suggesting the companys shares could face additional pressure from investors in the face of weak first quarter guidance, despite fourth quarter results above estimates.
Kallow... More
February 16, 2017 6:53 AM EST
(Updated - February 16, 2017 9:33 AM EST)
Oppenheimer upgraded SunPower (NASDAQ: SPWR) from Perform to Outperform with a price target of $10.00, saying the challenging conditions are already priced in.
Analyst Colin Rusch commented, "While solar datapoints continue to drift modestly lower, the pace... More
February 15, 2017 4:08 PM EST
SunPower (NASDAQ: SPWR) reported Q4 EPS of ($0.64), $0.19 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.06 billion.
The company is reiterating the following key financial metrics for 2017.
Revenue of $1.8 billion to $2.3 billion on a GAAP basis and $2.1 billion to $2.6 billion on a non-GAAP basis, non-GAAP operational expenses of less than $350 million, capital... More
