SunPower Reports Second Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
- Exclusive-Silver Lake in talks to buy Workday, sources say
- Crude Inventory Rose 17.2 Million Barrels Last Week - EIA
- Citi agrees to acquire rewards platform Kard Financial
- Burry doubles down on Nebius short after stock surges 34% on earnings
- Total darkness, then sunset as full eclipse wows spectators in Spain
JPMorgan Reiterates Neutral on SunPower (SPWR) Following 2Q
July 31, 2018 7:09 AM EDTJPMorgan reiterated a Neutral rating and $8.50 price target on SunPower (NASDAQ: SPWR) following 2Q earnings report. SPWR posted 2Q EBITDA of $59 million on revenue of $447 million, easily beating the Street's expectations of $22mm/$410mm. The strength was driven largely by distributed generation... More
SunPower (SPWR) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q Revenue Outlook Below Consensus
July 30, 2018 4:23 PM EDTSunPower (NASDAQ: SPWR) reported Q2 EPS of ($0.01), $0.28 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $447.2 million versus the consensus estimate of $395.36 million.
"Strong customer demand in our global DG business, combined with our continuing cost control initiatives, enabled us to exceed our forecasts for the quarter,\" said Tom Werner, SunPower CEO and chairman of the board. "We also made significant progress on our previously announced efforts to delever our balance sheet and simplify our business model with the monetization of our ownership stake in 8point3 Energy Partners... More
