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SPWR News Highlights
- For SPWR, its 30 day story count is now at 27.
- Over the past 26 days, the trend for SPWR's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
- The most mentioned tickers in articles about SPWR are ENPH, BEN and DOW.
Latest SPWR News From Around the Web
Below are the latest news stories about Sunpower Corp that investors may wish to consider to help them evaluate SPWR as an investment opportunity.
Another day, another decline. The continued flight away from speculative investments led to a further 2.7% slide in the Nasdaq on Friday. Meanwhile, the S&P 500 retreated 1.9%, closing below 4,400 for the first time since October and breaking below its 200-day moving average – a key technical barrier – for the first time...
SunPower Corp. (SPWR) has reported preliminary results for the fourth quarter of 2021. Further, the company revealed that it is taking remedial measures to resolve cracking issue found in certain factory-installed connectors. SunPower sells, installs, and finances solar power products. Preliminary Results For the fourth quarter of 2021, Revenues are expected to remain within the previously guided range of $361 to $421 million. Adjusted EBITDA is expected to be at the low end of SunPower’s previously disclosed guidance range of $18 to $41 million. The company said that factors affecting its fourth quarter adjusted EBITDA include $6.
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.
Woodland Hills, CA, based Investment company Guinness Atkinson Asset Management Inc (Current Portfolio) buys Chevron Corp, Intel Corp, Schlumberger, SunPower Corp, sells Autohome Inc, AcuityAds Holdings Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Guinness Atkinson Asset Management Inc.
First Solar (FSLR) secures an order for 1.2 gigawatts of First Solar's photovoltaic solar modules, thus strengthening its position as one of the most reliable suppliers of solar modules in the United States.
Fridays Top Analyst Upgrades and Downgrades: AbbVie, Chipotle Mexican Grill, Costco Wholesale, Crocs, Dominion Energy, Enphase Energy, Ford, Hertz, KeyCorp, Kite Realty, Riot Blockchain, Southwest Airlines, SunPower, United Airlines, VMware, Walmart and More
Friday''s top analyst upgrades and downgrades included AbbVie, Chipotle Mexican Grill, Costco Wholesale, Crocs, Dominion Energy, Enphase Energy, Ford, Hertz, KeyCorp, Kite Realty, Riot Blockchain, Southwest Airlines, SunPower, United Airlines, VMware and Walmart.
Enphase Energy (ENPH) reveals the expansion of its Enphase Energy System in Colorado, thus capitalizing on the rising residential battery storage capacity in the region.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of September