Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back.  Similarly, SunPower's stock (SPWR) is also moving lower as the company announces layoffs, reducing efforts into residential direct sales. Yahoo Finance Anchors Josh Lipton and Julie Hyman...

(Bloomberg) -- SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop solar business. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategySunPower

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.

SunPower said it will wind down its SunPower Residential Installation locations and close SunPower Direct sales, adding that installations would be handled by its Blue Raven Solar and independent dealers. SunPower had acquired Blue Raven for $165 million in 2021. The company had 586,250 residential customers as of Dec. 31, 2023.

(Reuters) -SunPower has identified misstatements in its results for fiscal year 2022, the U.S. solar power storage and energy service provider said in a regulatory filing on Tuesday. The misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions as cost of revenue, among other things. The company's stock was up 6%, tracking peers, after falling more than 20% earlier following the news.

(Bloomberg) -- SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results. Most Read from BloombergTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack‘Mag Seven’ Roar as Tesla Jumps in Late Hours: Markets WrapTaylor Swift Is Proof That How We Critique Music Is BrokenThe rooftop solar company expects the revi

The sun will come out tomorrow, but SunPower may not live to see it.

Investors looking at stocks with the highest short interest in April tend to target two possible plays: ride the short-selling wave in hopes the stock is further suppressed or hang onto the hope of a short squeeze sending shares soaring. While short squeezes happen, they’re uncommon and rarely gather the momentum to hit absurd highs that many expect. Short squeezes like we saw with GameStop (NYSE:GME) are an exception rather than the rule and tend to be one of those events that happen once or tw

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SunPower (NASDAQ:SPWR) received on March 20, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC, as a result of not having timely filed the Form 10-K with the SEC, as described more fully in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on February 29, 20