Edition:
United States

SunPower Corp (SPWR.OQ)

SPWR.OQ on NASDAQ Stock Exchange Global Select Market

8.09USD
3:19pm EDT
Change (% chg)

$0.14 (+1.70%)
Prev Close
$7.95
Open
$7.88
Day's High
$8.16
Day's Low
$7.68
Volume
425,723
Avg. Vol
392,757
52-wk High
$9.99
52-wk Low
$6.36

Latest Key Developments (Source: Significant Developments)

SunPower Reports Qtrly GAAP Loss Per Share $0.83
Tuesday, 8 May 2018 04:05pm EDT 

May 8 (Reuters) - SunPower Corp ::QTRLY NON-GAAP REVENUE $398.9 MILLION VERSUS $429.5 MILLION.SUNPOWER REPORTS FIRST QUARTER RESULTS.QTRLY GAAP LOSS PER SHARE $0.83.QTRLY NON-GAAP LOSS PER SHARE $0.20.NOW EXPECTS FISCAL YEAR 2018 ADJUSTED EBITDA TO BE IN RANGE OF $75 TO $125 MILLION.SEES Q2 2018 GAAP REVENUE OF $360 MILLION TO $410 MILLION.FISCAL YEAR 2018 ADJUSTED EBITDA GUIDANCE ASSUMES A $55 MILLION NEGATIVE IMPACT RELATED TO TARIFFS ASSOCIATED WITH SECTION 201 TRADE CASE.ON A NON-GAAP BASIS, COMPANY EXPECTS REVENUE OF $375 MILLION TO $425 MILLION FOR Q2 2018.Q1 REVENUE VIEW $359.3 MILLION -- THOMSON REUTERS I/B/E/S.SUNPOWER-2018 ADJUSTED. EBITDA GUIDANCE ALSO ASSUMES ABOUT $50 MILLION REDUCTION OF NON-CONTROLLING INTEREST INCOME FROM ANTICIPATED SALE OF LEASE PORTFOLIO.Q2 REVENUE VIEW $436.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Sunpower Adopts Initiatives To Reduce Operating Expenses
Thursday, 22 Feb 2018 12:09pm EST 

Feb 22 (Reuters) - Sunpower Corp ::SUNPOWER-ON FEB 21,ADOPTED,BEGAN IMPLEMENTING INITIATIVES TO REDUCE OPERATING EXPENSES, COST OF GOODS SOLD OVERHEAD & FOCUS ON IMPROVING PROFITABILITY‍​.SUNPOWER - IN RELATION TO PLAN, EXPECTS BETWEEN 150 AND 250 NON-MANUFACTURING EMPLOYEES TO BE AFFECTED, REPRESENTING ABOUT 3% OF CO'S GLOBAL WORKFORCE.SUNPOWER SAYS IN RELATION TO PLAN, SEES RESTRUCTURING CHARGES OF ABOUT $20-$30 MILLION, MOST OF WHICH EXPECTED TO BE INCURRED IN Q1, Q2 OF 2018 - SEC FILING.SUNPOWER SAYS ‍COST CUTTING INITIATIVES TAKEN IN LIGHT OF KNOWN SHORTER-TERM IMPACT OF TARIFFS IMPOSED ON PHOTOVOLTAIC CELLS & MODULES.SUNPOWER SAYS EXPECTS BETWEEN $17 MILLION AND $25 MILLION OF RESTRUCTURING CHARGES RELATED TO PLAN TO BE CASH.  Full Article

8Point3 Energy Says Sunpower Sold Interest In Boulder Solar Project ​
Friday, 16 Feb 2018 06:33am EST 

Feb 16 (Reuters) - 8Point3 Energy Partners Lp ::8POINT3 ENERGY PARTNERS - ON‍ FEB 15, SUNPOWER SOLD INTEREST IN BOULDER SOLAR PROJECT THAT WAS SUBJECT TO RIGHT OF FIRST OFFER AGREEMENT TO THIRD PARTY​.8POINT3 ENERGY SAYS CO'S UNIT NO LONGER HAS ABILITY TO BUY INTEREST IN BOULDER SOLAR PROJECT/RELATED ASSETS FROM SUNPOWER - SEC FILING.  Full Article

Sunpower Qtrly GAAP Net Loss Per Diluted Share $4.07
Wednesday, 14 Feb 2018 04:05pm EST 

Feb 14 (Reuters) - Sunpower Corp ::SUNPOWER REPORTS FOURTH QUARTER AND FY 2017 RESULTS.QTRLY NON-GAAP REVENUE $824.0 MILLION VERSUS $1,097.3 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.25.QTRLY GAAP NET LOSS PER DILUTED SHARE $4.07.SEES ‍Q1 GAAP REVENUE OF $280 MILLION TO $330 MILLION​.‍ON A NON-GAAP BASIS, COMPANY EXPECTS REVENUE OF $300 MILLION TO $350 MILLION FOR Q1​.‍COMPANY EXPECTS REVENUE OF $1.6 BILLION TO $2.0 BILLION ON A GAAP BASIS FOR 2018​.‍COMPANY EXPECTS REVENUE OF $1.8 BILLION TO $2.2 BILLION ON A NON-GAAP BASIS FOR 2018​.FY2018 REVENUE VIEW $2.41 BILLION -- THOMSON REUTERS I/B/E/S.SUNPOWER - ‍Q1 GAAP GUIDANCE INCLUDES IMPACT OF CO'S HOLDCO ASSET STRATEGY & REVENUE, TIMING DEFERRALS DUE TO SALE-LEASEBACK DEALS.‍Q1 2018 GAAP GUIDANCE ALSO INCLUDES IMPACT OF CHARGES RELATED TO COMPANY'S RESTRUCTURING INITIATIVES​.SUNPOWER - SEEING NEGATIVE NEAR-TERM IMPACT FROM SOLAR TARIFF RULING, INCREASED COSTS DUE TO IMPORT TARIFFS DELAYED CERTAIN 2018 PROJECTS​.  Full Article

SunPower reports Q3 loss per share $0.39‍​
Thursday, 2 Nov 2017 08:05am EDT 

Nov 2 (Reuters) - SunPower Corp :SunPower reports third quarter 2017 results.SunPower Corp qtrly loss per share $0.39‍​.SunPower Corp - qtrly ‍non-GAAP earnings per share $0.21​.SunPower Corp qtrly ‍GAAP revenue $477.2 million versus $729.3 million ​.SunPower Corp - restructuring program remains on track to be completed in first half of next year​.SunPower Corp - sees Q4 ‍revenue of $635 million to $685 million​.SunPower Corp qtrly ‍non-GAAP revenue $533.6 million versus $770.1 million ​.Q3 earnings per share view $-0.39, revenue view $368.2 million -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.02, revenue view $975.8 million -- Thomson Reuters I/B/E/S.SunPower Corp - ‍on a non-GAAP basis, company expects revenue of $800 million to $850 million for q4​.SunPower Corp - ‍for fiscal year 2017 lower capital expenditures now forecasted to be in range of $100 million to $120 million​.  Full Article

SunPower receives automated access for drone flights in U.S. FAA controlled airspace
Monday, 30 Oct 2017 03:05am EDT 

Oct 30 (Reuters) - SunPower Corp - :SunPower receives automated access for drone flights in U.S. FAA controlled airspace.Receive approval from U.S. Federal Aviation Agency for automatic access to operate a drone in regulated airspace over controlled airports.  Full Article

SUNPOWER SAYS UNIT OF AES CORP TO DEVELOP POWER PLANT PLAFTORM IN HAWAII
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - SunPower Corp ::SUNPOWER CORP - UNIT OF AES CORP ANNOUNCED THAT SUNPOWER OASIS POWER PLANT PLATFORM IS UNDER DEVELOPMENT BY AES DE ON HAWAIIAN ISLAND OF KAUA‛I​.SUNPOWER CORP - ‍UNIT OF AES CORP TO CONSTRUCT 28-MEGAWATT SUNPOWER OASIS SYSTEM AT SITE & 20-MEGAWATT FIVE-HOUR DURATION ENERGY STORAGE SYSTEM​.SUNPOWER CORP - ‍UNIT OF AES CORP WILL BE LONG-TERM OWNER & OPERATOR OF PROJECT, WHICH IS EXPECTED TO BE OPERATIONAL BY END OF 2018​.  Full Article

Sunpower Q2 ‍adj loss per share $0.35​
Tuesday, 1 Aug 2017 04:05pm EDT 

Aug 1 (Reuters) - Sunpower Corp ::Sunpower reports second quarter 2017 results.Sunpower Corp - qtrly gaap revenue $337.4 million versus $420.5 million.Sunpower Corp - qtrly ‍adj loss per share $0.35​.Sunpower Corp - qtrly non-gaap revenue $341.5 million versus $401.8 million.Q2 earnings per share view $-0.44, revenue view $313.2 million -- Thomson Reuters I/B/E/S.Sunpower corp sees q3 non-gaap revenue of $320 million to $370 million.Sunpower sees q3 gaap revenue of $300 million to $350 million.Sunpower - ‍now expects fy revenue of $1.9 billion to $2.1 billion on a gaap basis and $2.1 billion to $2.3 billion on a non-gaap basis​.Sunpower - ‍gw deployed in range of 1.3 gw to 1.45 gw in fy​.Sunpower - now expects lower than forecasted gaap restructuring charges which will be in range of $20 million to $60 million for 2017.Sunpower corp - ‍expects to deliver more than 500 mw of power plant projects in second half of year​.Sunpower corp sees on a non-gaap basis, in q3, adjusted ebitda of breakeven to $20 million and megawatts deployed in range of 405 mw to 435 mw.Sunpower corp sees for fiscal year 2017 gw deployed in range of 1.3 gw to 1.45 gw.Sunpower corp qtrly gaap net loss per diluted share $0.67.Fy2017 revenue view $2.17 billion -- Thomson Reuters I/B/E/S.Q3 revenue view $677.9 million -- Thomson Reuters I/B/E/S.  Full Article

Sunpower Corp reports qtrly ‍adj loss per share of $0.35
Tuesday, 1 Aug 2017 04:05pm EDT 

Aug 1 (Reuters) - Sunpower Corp ::Sunpower reports second quarter 2017 results.Sunpower Corp - Qtrly GAAP revenue $337.4 million versus $420.5 million.Sunpower Corp - Qtrly ‍adj loss per share $0.35​.Sunpower Corp - Qtrly Non-GAAP revenue $341.5 million versus $401.8 million.Q2 earnings per share view $-0.44, revenue view $313.2 million -- Thomson Reuters I/B/E/S.Sunpower Corp sees Q3 non-gaap revenue of $320 million to $370 million.Sunpower Corp sees Q3 gaap revenue of $300 million to $350 million.Sunpower Corp - ‍Now expects FY revenue of $1.9 billion to $2.1 billion on a GAAP basis and $2.1 billion to $2.3 billion on a Non-GAAP basis.Sunpower Corp - Forecasts ‍GW deployed in range of 1.3 GW to 1.45 GW in FY​ ​.Sunpower Corp - Now expects lower than forecasted GAAP restructuring charges which will be in range of $20 million to $60 million for 2017.Sunpower Corp - ‍Expects to deliver more than 500 MW of power plant projects in second half of year​.Sunpower Corp sees on a Non-GAAP basis, in Q3, adjusted ebitda of breakeven to $20 million and megawatts deployed in range of 405 MW to 435 MW.Sunpower Corp sees for fiscal year 2017 GW deployed in range of 1.3 gw to 1.45 GW.Sunpower Corp qtrly GAAP net loss per diluted share $0.67.FY2017 revenue view $2.17 billion -- Thomson Reuters I/B/E/S.Q3 revenue view $677.9 million -- Thomson Reuters I/B/E/S.  Full Article

OGE Energy unit OG&E, Sunpower Corp sign contract to build power plant
Tuesday, 18 Jul 2017 08:00am EDT 

July 18 (Reuters) - OGE Energy Corp :Electric utility unit OG&E, Sunpower Corp signed contract to build 10-megawatt solar photovoltaic power plant in Covington, Okla.OGE Energy Corp - construction on plant is anticipated to commence next month.OGE Energy Corp - Sunpower will design and build a sunpower oasis power plant system at Covington site.OGE Energy Corp - Sunpower will provide operations and maintenance services once plant begins commercial operation, which is expected in early 2018.OG&E will own renewable energy credits associated with system.  Full Article

Photo

SunPower receives exemption from Trump tariffs, shares soar

SunPower Corp on Tuesday said some of the solar cells and panels it produces overseas will be excluded from the Trump administration's 30 percent import tariffs, sending the company's shares up 15 percent.