|Bid||15.81 x 2200|
|Ask||15.85 x 1800|
|Day's Range||15.70 - 18.42|
|52 Week Range||15.70 - 57.52|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||7.77|
|Earnings Date||Feb 16, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.34|
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The solar tech company says it expects to record charges related to a cracking issue on some third-party equipment.
SunPower Corp (NASDAQ: SPWR) sees fourth-quarter FY21 revenue within prior guidance of $361 million - $421 million against the consensus of $379.5 million. SunPower sees $27 million of supplier-quality-related charges in Q4 and $4 million in Q1 of 2022 as it pursues recovery of costs from the suppliers. The company intends to fund the charges with cash on hand. The company held cash and equivalents of $280.8 million as of October 3, 2021. Excluding the charge, Q4 adjusted EBITDA results will lik
Shares of SunPower (NASDAQ: SPWR) slumped 15.8% in early trading Friday. SunPower released preliminary fourth-quarter earnings after the market closed on Thursday and investors were underwhelmed. One concern in the report was that SunPower was replacing third-party connectors in its light commercial value-added reseller and commercial and industrial solutions systems (CIS) because the company said it had found a cracking issue in the connectors.