SunPower Corporation Stock News

SunPower reported $357 million in quarterly revenue and a loss of $124 million for the latest quarter. New financing of up to $200 million will allow the company to survive for the next year.

SunPower (SPWR) came out with a quarterly loss of $0.51 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $0.15 per share a year ago.

Shares of SunPower Corp. were boosted Thursday, after the troubled solar panels and systems company said it secured new funding and waivers from its financial partners, which the company believes will

The company has raised $175 million through a second lien term loan from Sol Holding.

The CPI was higher than expected, up 3.1% from a year ago. Higher inflation could lead the Federal Reserve to delay an expected reduction in interest rates.

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.

Covering 0.3% of the U.S. with wind and solar farms could provide for 100% of America's electricity needs. The problem: A lot of U.S. voters don't want wind and solar farms set up in their backyards.

Inflation Reduction Act (IRA) benefits and increasing installation activities should benefit U.S. solar industry amid declining module pricing. You may keep FSLR, NXT and SPWR in your watchlist.

SunPower got more waivers on its debt, allowing the company to operate as normal for the time being. The company still needs to find long-term financing for debt after Feb. 16, 2024 waivers have passe

Sunrun (NASDAQ: RUN) and SunPower (SPWR) stock prices have been in a strong downtrend as concerns about the solar industry continues. The two have crashed by over 40% in the past 12 months and there a

Residential solar is in a brutal downturn. We think there's opportunity, but in other stocks than SunPower.

Higher interest rates hurt the cost structure of the solar industry. Installers cut back on orders as demand plunged for installations late in the year.

A formerly bullish prognosticator downgraded his recommendation on Sunpower shares from buy to hold. Last month, the company issued "going concern" warning due to financing concerns.

In December, investors thought the Federal Reserve was ready to cut rates in the near future. Minutes from the meeting released today showed a much more tepid view from the central bank.

The solar specialist reported some good news on the financing front.