SunPower Reports Third Quarter 2022 Results
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General Motors (GM) and SDG&E team up to explore vehicle-to-grid and vehicle-to-home technology
November 10, 2022 3:21 PM ESTAmerican automaker, General Motors (NYSE: GM) along with San Diego Gas & Electric (SDG&E) announced today that they have entered an agreement to investigate the feasibility of integrating bidirectional EVs into the electric grid as a local energy resource. The study will examine the hardware, software, processes, and construction considerations necessary to accelerate wider adoption of Vehicle-to-Grid Integration (VGI) capabilities.
Under the... More
SunPower (SPWR) PT Raised to $17 at Cowen
November 8, 2022 4:49 PM ESTCowen analyst Jeffrey Osborne raised the price target on SunPower (NASDAQ: SPWR) to $17.00 (from $15.00) while maintaining a Market Perform rating.
The analyst commented, "SunPower added a record 23.1k new customers in 3Q, with a backlog composed of 20.3k retrofit and 33.6k new... More
SunPower (SPWR) Tops Q3 EPS by 6c
November 8, 2022 8:11 AM ESTSunPower (NASDAQ: SPWR) reported Q3 EPS of $0.13, $0.06 better than the analyst estimate of $0.07. Revenue for the quarter came in at $475.7 million versus the consensus estimate of $432.87 million.
2022 Financial Outlook:
SunPower affirmed prior 2022 guidance of $2,000-$2,400 Adjusted EBITDA per customer and 73,000-80,000... More
