SunPower Corporation (SPWR)
| Previous close | 1.9600 |
| Open | 2.0100 |
| Bid | 1.9600 x 100 |
| Ask | 2.0500 x 1300 |
| Day's range | 1.9400 - 2.0899 |
| 52-week range | 1.7700 - 13.5000 |
| Volume | |
| Avg. volume | 6,683,648 |
| Market cap | 350.077M |
| Beta (5Y monthly) | 1.54 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.3000 |
| Earnings date | 01 May 2024 - 06 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 3.33 |
ReutersSolar firm SunPower to cut jobs, shut business segments
SunPower said on Wednesday it will reduce its workforce by about 1,000 people in the coming days and weeks, and also wind down its SunPower Residential Installation locations and close SunPower Direct sales. SunPower cited the slower-than-expected recovery in demand across markets for the decision and said it is moving to a low fixed-cost model to better withstand market oscillations. Companies providing solar power and storage solutions have seen rising inventory levels and metering reforms in California weigh on demand.
ReutersSolar company SunPower flags issues with 2022 financial reporting
(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.
BloombergSunPower Slides After Disclosing Plans to Restate Earnings
(Bloomberg) -- SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount RackThe rooftop solar company expects the rev
