SunPower Reports Second Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/2/2026
Go back to SunPower Reports Second Quarter Results
July 31, 2018 7:09 AM EDT
JPMorgan 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
July 30, 2018 4:23 PM EDT
SunPower (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
