SunPower Reports Second Quarter 2021 Results

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Go back to SunPower Reports Second Quarter 2021 Results

SunPower (SPWR) PT Lowered to $27 at Cowen

August 4, 2021 6:36 AM EDT

Cowen analyst Jeffrey Osborne lowered the price target on SunPower (NASDAQ: SPWR) to $27.00 (from $28.00) while maintaining a Market Perform rating.

The analyst commented, "Sunpower reported solid execution in residential solar in 2Q with strong momentum for bookings heading into 2H21 and '22. The... More

SunPower (SPWR) Tops Q2 EPS by 2c

August 3, 2021 4:24 PM EDT

SunPower (NASDAQ: SPWR) reported Q2 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $308.9 million versus the consensus estimate of $327.48 million.

GUIDANCE:

For the third quarter, the company expects sequential volume and margin improvements in its residential business with volume... More