NasdaqGS - Nasdaq Real Time Price USD

SunPower Corporation (SPWR)

1.8800

-0.0600

(-3.09%)

At close: 4:00 PM EDT

1.8700

-0.01

(-0.53%)

After hours: 4:37 PM EDT

Enphase Energy and SunPower: Solar stocks sliding

Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back.  Similarly, SunPower's stock (SPWR) is also moving lower as the company announces layoffs, reducing efforts into residential direct sales. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest developments for these solar companies and what it could mean for them moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

Yahoo Finance Video yesterday

SPWR
-3.09%
ENPH
+0.62%
SunPower to Cut Almost One-Third of Workforce

(Bloomberg) -- SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop solar business. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnSun

Bloomberg yesterday

SPWR
-3.09%
Earnings Preview: SunPower (SPWR) Q1 Earnings Expected to Decline

SunPower (SPWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks yesterday

SPWR
-3.09%
Solar firm SunPower to cut jobs, wind down most of residential direct sales

SunPower said it will wind down its SunPower Residential Installation locations and close SunPower Direct sales, adding that installations would be handled by its Blue Raven Solar and independent dealers. SunPower had acquired Blue Raven for $165 million in 2021. The company had 586,250 residential customers as of Dec. 31, 2023.

Reuters yesterday

SPWR
-3.09%
Solar company SunPower flags issues with 2022 financial reporting

(Reuters) -SunPower has identified misstatements in its results for fiscal year 2022, the U.S. solar power storage and energy service provider said in a regulatory filing on Tuesday. The misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions as cost of revenue, among other things. The company's stock was up 6%, tracking peers, after falling more than 20% earlier following the news.

Reuters 2 days ago

SPWR
-3.09%
SunPower Slides After Disclosing Plans to Restate Earnings

(Bloomberg) -- SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount RackThe rooftop solar company expects the rev

Bloomberg 2 days ago

SPWR
-3.09%
1 Wall Street Analyst Cuts SunPower's Price Target by 33%. Here's Why He's Right (and Wrong)

The sun will come out tomorrow, but SunPower may not live to see it.

Motley Fool 16 days ago

SPWR
-3.09%
3 Stocks With the Highest Short Interest Headed Into April

Investors looking at stocks with the highest short interest in April tend to target two possible plays: ride the short-selling wave in hopes the stock is further suppressed or hang onto the hope of a short squeeze sending shares soaring. While short squeezes happen, they’re uncommon and rarely gather the momentum to hit absurd highs that many expect. Short squeezes like we saw with GameStop (NYSE:GME) are an exception rather than the rule and tend to be one of those events that happen once or tw

InvestorPlace 22 days ago

SPWR
-3.09%
BYND
16 Warmest States in the US in Winter

In this article, we will look into the 16 warmest states in the US in winter. If you want to read our detailed analysis, you can go directly to the 5 Warmest States in the US in Winter. Warmest Winter On Record According to the National Oceanic and Atmospheric Administration (NOAA), the average temperature reached […]

Insider Monkey 27 days ago

NOVA
-6.36%
FSLR
-1.39%
RUN
-3.09%
SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

SunPower (NASDAQ:SPWR) received on March 20, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC, as a result of not having timely filed the Form 10-K with the SEC, as described more fully in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on February 29, 20

PR Newswire last month

SPWR
-3.09%
Is SunPower Stock Going to $2.50? 1 Wall Street Analyst Thinks So.

The company is handcuffed by challenging conditions in its industry.

Motley Fool last month

SPWR
-3.09%
Why Solar Energy Stocks Cratered Again This Week

Rising interest rates aren't helping solar energy companies.

Motley Fool last month

NOVA
-6.36%
RUN
-3.09%
SPWR
-3.09%
SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer

Tony Garzolini will oversee SunPower’s sales, including the direct, dealer and new homes channels, along with pricing and demand generation.

Hart Energy last month

SPWR
-3.09%
SunPower Appoints Chief Revenue Officer

SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced the appointment of residential solar and home energy veteran, Tony Garzolini, as Executive Vice President and Chief Revenue Officer (CRO). In this role, Tony will oversee sales, including the Direct, Dealer and New Homes channels, along with pricing and demand generation.

PR Newswire last month

SPWR
-3.09%
7 F-Rated Tech Stocks Not Worth a Single Cent

Tech stocks appear to be a no-lose bet in this market. But you would be wrong if you think you can pick up any tech stock and enjoy your gains. There are, unfortunately, plenty of F-rated tech stocks of which you need to give a wide berth. True, the tech-heavy Nasdaq composite continues to outperform the greater market. And tech stocks, in general, continue to be big winners as we head into March 2024. But not every stock is a winner. You can ensure you’re avoiding the worst of the worst in the

InvestorPlace last month

SEDG
-2.16%
HIMX

AXTI
Why SunPower Stock Slumped on Thursday

In the company's latest setback, it informed investors that they will have to wait for its full take on how it did in 2023.

Motley Fool last month

SPWR
-3.09%
SunPower Announces Delay in Filing Form 10-K

SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the delayed filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended December 31, 2023. SunPower requires additional time to complete its financial statements included in the Company's Form 10-K. This is due the time and effort that was

PR Newswire last month

SPWR
-3.09%
SunPower Begins Search for New CEO

Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.

Hart Energy last month

SPWR
-3.09%
UPDATE 1-SunPower's CEO Peter Faricy steps down

U.S. solar company SunPower said on Tuesday CEO Peter Faricy has left the company, effective Feb. 26. Faricy's departure comes two months after the company raised doubts about its ability to stay in business, saying that its breach of a key term in a credit agreement could prompt lenders to recall certain loans. Faricy took over as the company's CEO in 2021, and SunPower said it was conducting a search process to identify a new CEO.

Reuters last month

SPWR
-3.09%
SunPower Announces CEO Transition

SunPower Corp. (NASDAQ: SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that Chief Executive Officer (CEO) Peter Faricy has departed the Company, effective February 26, 2024. The Board is conducting a comprehensive search process to identify a permanent CEO. Until a successor is named, the Board has established an Office of the Chairman, led by Tom Werner, Executive Chairman of the Board and newly appointed Principal Exec

PR Newswire last month

SPWR
-3.09%

Performance Overview

Return	SPWR	S&P 500
YTD	-61.08%	+5.84%
1-Year	-86.77%	+22.03%
3-Year	-93.52%	+20.77%

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SunPower Corporation (SPWR)

Enphase Energy and SunPower: Solar stocks sliding

SunPower to Cut Almost One-Third of Workforce

Earnings Preview: SunPower (SPWR) Q1 Earnings Expected to Decline

Solar firm SunPower to cut jobs, wind down most of residential direct sales

Solar company SunPower flags issues with 2022 financial reporting

SunPower Slides After Disclosing Plans to Restate Earnings

1 Wall Street Analyst Cuts SunPower's Price Target by 33%. Here's Why He's Right (and Wrong)

3 Stocks With the Highest Short Interest Headed Into April

16 Warmest States in the US in Winter

SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

Is SunPower Stock Going to $2.50? 1 Wall Street Analyst Thinks So.

Why Solar Energy Stocks Cratered Again This Week

SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer

SunPower Appoints Chief Revenue Officer

7 F-Rated Tech Stocks Not Worth a Single Cent

Why SunPower Stock Slumped on Thursday

SunPower Announces Delay in Filing Form 10-K

SunPower Begins Search for New CEO

UPDATE 1-SunPower's CEO Peter Faricy steps down

SunPower Announces CEO Transition

Performance Overview