MARKET COMPOSITE
SPWR - Sunpower Corp7:59:31 PM 7/22/2024
Price
$0.71
-0.80 (-52.66%)
SunPower Corporation is an American energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels based on an all-back-contact solar cell invented at Stanford University. The company is majority owned by Total and is publicly traded on the NASDAQ as SPWR. The initial technology and ideas that led to the creation of SunPower started from solar power research projects in the lab of Richard Swanson, a professor of electrical engineering at Stanford University. On April 24, 1985, EOS Electric Power was officially incorporated by co-founders, Richard Swanson and Richard Crane, an engineer in Swanson's lab. Robert Lorenzini later joined and the company's name was changed to SunPower in 1988. The original plan was to develop and market solar concentrator systems and the next couple years were spent securing funding.
Financials
Quarterly financials
(USD)Oct 2023Q/Q
Revenue430.7MM-7%
Gross Profit72.5MM-2%
Cost Of Revenue358.2MM-8%
Operating Income-32.3MM+39%
Operating Expenses104.8MM+8%
Net Income-37.4MM+20%
R&D5.4MM-17%
G&A93.3MM+3%
Amortization3.2MM-
Interest Expense7.7MM+32%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

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Stock news

    On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith break down the market open and some of the biggest stories dominating the trading week. All three of the major averages (^DJI, ^IXIC, ^GSPC) opened lower on Friday, with the Dow Jones Industrial Average falling by over 0.3% at the market open. The tech-heavy indexes are being dragged down as markets react to global outages tied to a CrowdStrike (CRWD) update. Cybersecurity firm CrowdStrike has identified the source of the disr...

    Shares SunPower (SPWR) are tanking around 30% on Friday morning after the company reportedly notified dealers that as of September 17 it will no longer support new leases and halt shipments. This comes after the company's announcement in April that it will have to restate almost 2 years of financial results. Morning Brief Anchors Brad Smith and Seana Smith break down the latest development for SunPower and what it could mean for the company moving forward. For more expert insight and the latest ...

    (Bloomberg) -- SunPower Corp. shares plunged 42% on Friday as Guggenheim Securities cut the solar equipment firm’s price target to zero and said the stock may soon be delisted.Most Read from BloombergGlobal IT Crash Eases After Disrupting Flights and TradingZuckerberg Calls Trump’s Response to Shooting ‘Badass’Airline Fallout Mounts as Carriers Work Through IT MeltdownCrowdStrike’s Global Outage Doesn’t Have to Be a Recurring NightmareCanada’s Immigration Minister Has a Message for Foreign Stude

    The final trading hour of the day is here, and it brought Julie Hyman and Josh Lipton to break down the biggest market (^DJI, ^IXIC, ^GSPC) stories and economic themes ahead of Thursday's closing bell. In today's episode of Market Domination, Wedbush senior equity analyst Dan Ives talks chipmaker earnings for this quarter as the AI chip trade recovers from yesterday's selloff. Former Federal Reserve Bank of Kansas City President Thomas Hoenig outlines the Fed's patience in waiting to cut interes...

    (Bloomberg) -- SunPower Corp. plunged to an all-time low after the solar company told dealers it would no longer support new installations and was halting shipments. Most Read from BloombergCanada’s Immigration Minister Has a Message for Foreign Students: You Can’t All StayBrookfield Lines Up a 36-Year-Old Rising Star as Next Billionaire CEOBiden Faces Intensified Calls to Step Aside While Ill With CovidWall Street’s ‘Great Rotation Trade’ Takes a Break: Markets WrapUS Floats Tougher Trade Rules

    SunPower shares plummeted nearly 20% on Thursday after the solar company informed clients that it is pausing some operations, including deactivating lease and power purchase agreements from its own sales platform and halting new product shipments. In an online communication seen by Reuters and confirmed as authentic by the company, SunPower said it would stop countersigning new agreements and would be unable to support installation services for shipments in transit or already delivered. Compan...

    An inflation reading is boosting solar stocks today.

    In this piece, I evaluated two solar-energy stocks, SunPower (NASDAQ:SPWR) and Sunrun (NASDAQ:RUN), using TipRanks’ Comparison Tool to see which is better. A closer look suggests a bearish view of SunPower and a neutral view of Sunrun. SunPower designs, manufactures, and delivers solar panels, systems, and services, while Sunrun designs, develops, installs, sells, and maintains residential solar energy systems. Shares of SunPower have plunged 45% year-to-date and 72% over the last year, while Su

    There's no recovery in renewable energy stocks yet.

    Why SunPower Plunged Today07-05-2024 18:39:27 PM

    It's not a great day when your auditor resigns.