Tag: sunpower earnings

SunPower announced its plans to spin-off businesses into global solar panel manufacturing and US distributed solar generation and storage.

SunPower (SPWR) surprised investors with strong third-quarter earnings on October 30. It reported EPS of $0.07, beating analysts' consensus estimate.

Almost all solar stocks fell sharply on September 26. First Solar (FSLR) fell about 7% yesterday while this year’s top gainer, Enphase Energy, fell 7.5%.

Trade war intensified in August and that took a toll on the broader markets. However, solar stocks were largely positive and hint at future demand.

On Wednesday, SunPower reported its second-quarter earnings after the markets closed. The company reported an adjusted loss of $0.22 per share.

Analysts expect SunPower (SPWR) to have poor earnings in the second quarter. SunPower's second-quarter earnings are expected on July 31.