SunPower Corporation Stock News

SunPower gave investors a "going concern" warning, which is never a good sign. This is on the heels of some positive news from the solar industry, like falling interest rates.

Despite a strong economy and stock market rally, 2023 saw its fair share of bankruptcy filings. Notable companies ranging from pharmaceutical chain Rite Aid to former gig economy darling WeWork filed

Shares of SunPower Corp. (SPWR) plunged more than 30% as the solar power equipment and services provider warned that it may not be able to remain in business after failing to make payments on its debt

SunPower (NASDAQ: SPWR ) stock is capturing the spotlight on Monday in the worst way possible. Following the breach of a critical component in a credit agreement, management disclosed a default risk.

Shares of SunPower Corp. dropped more than 30% Monday after the residential solar company spooked investors with a going-concern warning in regulatory filings.

SunPower Corp shares slid 35% to $3.93 in early-afternoon trading on Monday after the rooftop solar company revealed in a regulatory filing that lenders may demand immediate debt payment of $65.3 mil

SunPower gave a going concern warning that has investors worried. The warning was because of a technical default, but SunPower has been given waivers to get new financing in the next month.

The solar company says earlier this month it became aware that it had breached a credit agreement when it delayed quarterly results.

Higher interest rates have been a headwind for many sectors, including solar energy. As the Federal Reserve may pivot to rate cuts next year, hope is on the horizon for the renewable energy sector.

Shares of several high-profile renewable energy specialists — including Enphase Energy (NASDAQ: ENPH ), SunPower (NASDAQ: SPWR ) and Sunrun (NASDAQ: RUN ) — are skyrocketing on Thursday. Naturally

The Fed kept rates flat today, but it was expectations for cuts in 2024 and 2025 that excited investors. Solar installations are financed through long-term financing, so higher interest rates have bee

Wall Street loves a good comeback story. It's why analysts often put elevated price targets on severely beaten-down stocks.

The wicked price decline of 2023 has pushed SunPower's valuation back into buy territory. A liquid balance sheet with less debt than past solar demand cycle downturns should support price soon. The la

Solar stocks have had a tough year due to rising interest rates and reduced sales. Solar industry growth in Europe has decelerated due to surplus inventories and reduced demand in crucial markets.

Solar energy stocks have been crushed in 2023, but higher utility rates and falling costs should be tailwinds in 2024. Higher rates are also hurting asset owners, but NextEra Energy Partners has a lot