News
SPWR
1.955
-0.26%
-0.005
SunPower Unveils Restructuring Plan, Cutting 1,000 Jobs -- Update
SunPower says it is cutting about 1,000 jobs, or nearly a third of its staff. The solar-energy company said it is moving to a low fixed-cost model. SunPower said the solar market's recovery has been slower than expected. The company expects to book about $28 million in restructuring charges.
Dow Jones · 7h ago
SunPower to cut jobs, shut business segments in restructuring plan
Tech Energy SunPower to cut jobs, shut business segments in restructuring plan. SunPower (SPWR) will cut its workforce by ~1,000 people in the coming days and weeks. The company said it expects to incur $28M in restructuring charges. Sun power shares fell to multiyear lows on Tuesday.
Seeking Alpha · 8h ago
U.S. Solar Makers Seek More Tariffs That Risk Roiling Sector
Benzinga · 8h ago
UPDATE 1-Solar firm SunPower to reduce workforce, shut business segments
Solar firm SunPower to reduce workforce, shut business segments as part of a restructuring to help lower costs. The company's shares down 16% premarket. SunPower expects charges of about $28 million related to severance benefits and other costs. Company said it will reduce its workforce by about 1,000 people.
Reuters · 8h ago
UPDATE 2-Solar firm SunPower to cut jobs, shut business segments
Solar firm SunPower to cut jobs, shut business segments as part of a restructuring to help lower costs. Solar power generation company's shares up 3.5% in choppy trading. SunPower said it will reduce its workforce by about 1,000 people in coming days and weeks. The company expects charges of about $28 million.
Reuters · 8h ago
Solar company SunPower to reduce workforce, shut business segments
Solar company SunPower to reduce workforce, shut business segments to help lower costs. The company said it will reduce its workforce by 1,000 people in the coming days and weeks. SunPower said it plans to shut down certain business segments as part of a restructuring plan.
Reuters · 8h ago
SUNPOWER CORP - "MARKET HAS BEEN SLOWER TO RECOVER THAN WE INITIALLY EXPECTED"
Reuters · 8h ago
SunPower Adopts Restructuring Plan; Expects To Incur Restructuring Charges Totaling ~$28M
Benzinga · 8h ago
SUNPOWER CORP - EXPECTS RESTRUCTURING PLAN TO BE SUBSTANTIALLY COMPLETED BY END OF COMPANY'S SECOND FISCAL QUARTER
Reuters · 9h ago
Truist Financial Reaffirms Their Hold Rating on SunPower (SPWR)
TipRanks · 10h ago
BUZZ-Enphase Energy falls on downbeat forecast, other solar stocks follow
Enphase Energy shares fall 7.9% to $104.49 premarket on downbeat forecast. Solar energy firm forecasts Q2 revenue of $290 mln to $330 mln, below Wall Street view of $337.2 mln. Other solar stocks, including Sunnova Energy and SunPower Corporation, also fall.
Reuters · 12h ago
U.S. RESEARCH ROUNDUP-Amazon, AmEx, Mattel
Wall Street analysts revise their ratings and price targets on several U.S. Listed companies. Amazon, American Express and Mattel are among the companies. American Express raises target price to $255 from $243. Airbnb, Fiserv and other companies raise their targets for the day.
Reuters · 15h ago
SUNPOWER CORPORATION <SPWR.O>: EVERCORE ISI CUTS TO IN LINE FROM OUTPERFORM
Reuters · 17h ago
Technology Sector Update for 04/23/2024: HCP, IBM, SPWR, AAPL, SPOT
NASDAQ · 1d ago
First Solar upgraded, SunPower downgraded at Evercore ISI
Seeking Alpha · 1d ago
SunPower Down 8%; Sees Further Revisions to 2022 Results
SunPower shares fell 8% after the solar energy company reported a new material weakness related to its previously restated 2022 financial results. The stock was recently at $1.97 and is down nearly 60% this year. SunPower said in October it would restate certain results.
Dow Jones · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-Visa, Tesla, US energy sector
Dow Jones Industrial Average was up 0.77% at 38,535.1. Wall Street's main indexes advanced on Tuesday as growth and chip shares gained. Stocks like General Motors and Spotify rose on upbeat earnings updates ahead of quarterly reports from big technology companies. The top three S&P 500 percentage gainers were Globe Life, Danaher.
Reuters · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-Neurocrine, SunPower, NextEra Energy
Dow Jones Industrial Average was up 0.53% at 38,444.3. Stocks like General Motors and Spotify rose on upbeat earnings updates. Growth and chip shares gained as growth and tech shares rose. Neurocrine, SunPower, NextEra Energy among the day's losers.
Reuters · 1d ago
SunPower plunges after disclosing plans to restate earnings
SunPower plunges after disclosing plans to restate earnings. SunPower (NASDAQ:SPWR) -6.1% to a multiyear low in Tuesday's trading. The company identified misstatements in its audited financial statements. The misstatementing relate primarily to capitalization of deferred costs.
Seeking Alpha · 1d ago
UPDATE 2-Solar company SunPower flags issues with 2022 financial reporting
Solar company SunPower flags issues with 2022 financial reporting. The company's stock was up 6%, tracking peers, after falling more than 20% earlier. Misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions. SunPower expects a $15 million to $25 million decrease in income for fiscal year 2022.
Reuters · 1d ago
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About SPWR
SunPower Corporation is a solar technology and energy services provider. The Company offers fully integrated solar, storage and home energy solutions to customers primarily in the United States and Canada through a range of hardware, software, and financing options and Smart Energy solutions. The Company's Smart Energy adds layers of intelligent control to homes, buildings and grids, all personalized through easy-to-use customer interfaces. It is engaged in the United States Distributed Generation (DG) storage and energy services market, providing customers control over electricity consumption and resiliency during power outages. The five pillars of its strategy include customer care, products, growth, digital innovation and financial solutions. The Company’s subsidiaries include SunPower Corporation, Systems, SunPower North America, LLC, SunStrong Capital Holdings, LLC, SunPower Capital, LLC Delaware and Blue Raven Solar Holdings, LLC.