SunPower (SPWR) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q Revenue Outlook Below Consensus

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Go back to SunPower (SPWR) Tops Q2 EPS by 28c, Revenues Beat; Offers 3Q Revenue Outlook Below Consensus

JPMorgan Reiterates Neutral on SunPower (SPWR) Following 2Q

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