14 Feb

SunPower’s Loss Widened, Revenues Fell 15% in 2018

WRITTEN BY Vineet Kulkarni

SunPower

SunPower (SPWR) reported its fourth-quarter and fiscal 2018 financial results on February 13. The company reported an adjusted loss of $0.21 per share for the quarter ending December 31—compared to a profit of $0.25 per share in the fourth quarter of 2017. In the third quarter, SunPower posted a loss of $0.29 per share. SunPower’s fourth-quarter earnings are adjusted mainly for non-recurring items like impairment and the sale of residential lease assets and sale-leaseback transactions.

SunPower’s loss widened in fiscal 2018. The company reported a loss of $0.72 per share in 2018—compared to a loss of $0.25 per share in 2017.

SunPower’s Loss Widened, Revenues Fell 15% in 2018

Earnings highlights

SunPower’s total operating revenues were $525 million in the fourth quarter—a decrease of 36% compared to the fourth quarter of 2017. In the third quarter, the company reported revenues of $443 million.

SunPower Energy Services is a segment that handles the company’s residential and commercial distributed generation business. SunPower Energy Services reported revenues of $265 million in the fourth quarter—an increase from $259 million in the fourth quarter of 2017. The residential annual deployment of distributed generation increased 15% in 2018 YoY (year-over-year) driven by ~40,000 new residential customers during the year. SunPower Technologies includes manufacturing solar panels business. SunPower Technologies’ revenues fell from $541 million in the fourth quarter of 2017 to $277 million in the fourth quarter.

For 2019, SunPower plans to invest ~$75 million. The company expects to generate revenues of $1.9 billion–$2.0 billion, which implies an increase of ~8% YoY.

So far, solar stocks (TAN) have been solid in 2019. SunPower and First Solar (FSLR) have risen more than 20% year-to-date. First Solar is scheduled to release its quarterly earnings on February 21.

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.

172.31.38.64