MARKET COMPOSITE
SPWR - Sunpower Corp8:00:00 PM 7/26/2024
Price
$0.84
-0.13 (-13.14%)
SunPower Corporation is an American energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels based on an all-back-contact solar cell invented at Stanford University. The company is majority owned by Total and is publicly traded on the NASDAQ as SPWR. The initial technology and ideas that led to the creation of SunPower started from solar power research projects in the lab of Richard Swanson, a professor of electrical engineering at Stanford University. On April 24, 1985, EOS Electric Power was officially incorporated by co-founders, Richard Swanson and Richard Crane, an engineer in Swanson's lab. Robert Lorenzini later joined and the company's name was changed to SunPower in 1988. The original plan was to develop and market solar concentrator systems and the next couple years were spent securing funding.
Financials
Quarterly financials
(USD)Oct 2023Q/Q
Revenue430.7MM-7%
Gross Profit72.5MM-2%
Cost Of Revenue358.2MM-8%
Operating Income-32.3MM+39%
Operating Expenses104.8MM+8%
Net Income-37.4MM+20%
R&D5.4MM-17%
G&A93.3MM+3%
Amortization3.2MM-
Interest Expense7.7MM+32%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

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    Shares SunPower (SPWR) are tanking around 30% on Friday morning after the company reportedly notified dealers that as of September 17 it will no longer support new leases and halt shipments. This comes after the company's announcement in April that it will have to restate almost 2 years of financial results. Morning Brief Anchors Brad Smith and Seana Smith break down the latest development for SunPower and what it could mean for the company moving forward. For more expert insight and the latest ...

    (Bloomberg) -- SunPower Corp. shares plunged 42% on Friday as Guggenheim Securities cut the solar equipment firm’s price target to zero and said the stock may soon be delisted.Most Read from BloombergGlobal IT Crash Eases After Disrupting Flights and TradingZuckerberg Calls Trump’s Response to Shooting ‘Badass’Airline Fallout Mounts as Carriers Work Through IT MeltdownCrowdStrike’s Global Outage Doesn’t Have to Be a Recurring NightmareCanada’s Immigration Minister Has a Message for Foreign Stude

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    SunPower shares plummeted nearly 20% on Thursday after the solar company informed clients that it is pausing some operations, including deactivating lease and power purchase agreements from its own sales platform and halting new product shipments. In an online communication seen by Reuters and confirmed as authentic by the company, SunPower said it would stop countersigning new agreements and would be unable to support installation services for shipments in transit or already delivered. Compan...

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