SunPower Reports Preliminary Second Quarter 2023 Results and Provides Updated Guidance
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SunPower (SPWR) PT Lowered to $10 at JPMorgan, 'we do expect SPWR's negative pre to weigh on residential solar peers today...'
July 26, 2023 10:54 AM EDTJPMorgan analyst Mark Strouse lowered the price target on SunPower (NASDAQ: SPWR) to $10.00 (from $13.00) while maintaining a Underweight rating.
The analyst comments "SPWR negatively preannounced 2Q results well below expectations and lowered FY23 guidance. The company noted weakened demand in the... More
SunPower (SPWR) tumbles after cutting guidance, reveals cost-cutting plan
July 26, 2023 10:42 AM EDTSunPower (NASDAQ: SPWR) shares plunged more than 15% Wednesday after it reported preliminary second-quarter results, cutting its outlook. The company also announced a restructuring plan which includes a workforce reduction.
The company reported a preliminary second-quarter GAAP net loss of $30 million. In addition, it revealed... More
