MARKET COMPOSITE
SPWR - Sunpower Corp8:00:00 PM 4/18/2024
Price
$2.26
-0.05 (-2.16%)
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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    The company is handcuffed by challenging conditions in its industry.

    Rising interest rates aren't helping solar energy companies.

    Tony Garzolini will oversee SunPower’s sales, including the direct, dealer and new homes channels, along with pricing and demand generation.

    SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced the appointment of residential solar and home energy veteran, Tony Garzolini, as Executive Vice President and Chief Revenue Officer (CRO). In this role, Tony will oversee sales, including the Direct, Dealer and New Homes channels, along with pricing and demand generation.

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