UBS Downgrades SunPower (SPWR) to Sell
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
SunPower (SPWR) Tops Q3 EPS by 1c, Revenues Beat; Raises FY20 Revenue Outlook, Provides 4Q Revenue Guidance
October 28, 2020 4:27 PM EDTSunPower (NASDAQ: SPWR) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $274.8 million versus the consensus estimate of $235.64 million.
Third Quarter 2020 Results
"Our solid third quarter results reflect the strong demand for our industry-leading solutions in both our residential and commercial markets," said Tom Werner, SunPower CEO and chairman of the board.
"Overall, we executed well as MW recognized grew 20% sequentially, we further expanded our gross margin, generated positive cash flow and added to our significant backlog. Additionally, we are pleased with the... More
UPDATE: Credit Suisse Downgrades SunPower (SPWR) to Neutral
October 26, 2020 4:29 AM EDT(Updated - October 26, 2020 5:11 AM EDT)
(updating comment)
Credit Suisse analyst Michael Weinstein downgraded SunPower (NASDAQ: SPWR) from Outperform to Neutral with a price target of $16.00 (from $12.00).
The analyst comments "Downgrade to Neutral (from Outperform)l, even while we increase our TP... More
U.S. solar stocks rise on Biden's clean energy focus in pre-election debate
October 23, 2020 8:03 AM EDT(Reuters) - U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy.
Shares of Renesola Ltd (NYSE: SOL), Jinkosolar Holding Co Ltd (NYSE: JKS), Canadian Solar Inc (NASDAQ: CSIQ) and SunPower Corp (NASDAQ:... More
