SunPower (SPWR) tumbles after cutting guidance, reveals cost-cutting plan
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SunPower (SPWR) PT Lowered to $10 at JPMorgan, 'we do expect SPWR's negative pre to weigh on residential solar peers today...'
July 26, 2023 10:54 AM EDTJPMorgan analyst Mark Strouse lowered the price target on SunPower (NASDAQ: SPWR) to $10.00 (from $13.00) while maintaining a Underweight rating.
The analyst comments "SPWR negatively preannounced 2Q results well below expectations and lowered FY23 guidance. The company noted weakened demand in the... More
Increasing unusual call option volume: SPWR DISH HBI WW HEAR MAT SPHR SAGE TDOC KVUE
July 26, 2023 10:04 AM EDTIncreasing unusual call option volume: SPWR DISH HBI WW HEAR MAT SPHR SAGE TDOC KVUE
... MoreSunPower (SPWR) Preliminary Q2 Revenue Misses Consensus, Provides Updated Guidance
July 26, 2023 8:31 AM EDT(Updated - July 26, 2023 8:34 AM EDT)
SunPower Corp. (NASDAQ: SPWR), a leading solar technology and energy services provider, today provided preliminary unaudited financial results for the second quarter ending July 2, 2023.
Preliminary second quarter GAAP Net Loss of ($30) million, Adjusted EBITDA of approximately ($3) millionPreliminary second quarter customer growth of 20,400 new customersPreliminary second quarter Revenue of $464 million, 11% higher year-over-yearReduced 2023 outlook for customer growth and Adjusted EBITDA(Consensus sees Q2 revenue of $483 million)
"Demand in the second quarter has weakened more than expected in the Southeast and... More
