SunPower Reports Second Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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
