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May 2, 2013
15:46 EDTSPWRSunPower reports Q1 adjusted EPS 22c, consensus 6c
Reports Q1 revenue $635.4M, consensus $507.73M. Reports Q1 adjusted gross margin 22.7%. Produced 208 megawatts in Q1. "As a result of solid execution, we exceeded our financial targets for the quarter while further strengthening our balance sheet," said Chuck Boynton, SunPower CFO. "We also continued to prudently manage our working capital needs as we reduced inventory and generated $216 million in free cash flow during the quarter. With our strong project backlog, continued growth in residential lease and global focus on improving our cost structure, we remain confident in achieving our 2013 financial targets."
News For SPWR From The Last 14 Days
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November 17, 2015
13:29 EDTSPWRSunEdison selloff continues, shares down 23%
Shares of SunEdison (SUNE) continue to be weak and are down 23% to $3.49 in afternoon trading. Dan Loeb's Third Point last night disclosed it no longer owns the stock while David Einhorn's Greenlight Capital disclosed a reduced stake. Deutsche Bank analyst Vishal Shah lowered his price target for SunEdison this morning to $16 saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors. SunEdison's solar peers are also weak, with SunPower (SPWR), First Solar (FSLR) and SolarCity (SCTY) all in the red.
08:03 EDTSPWRSolar module makers outlook positive, says Bernstein
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November 13, 2015
08:20 EDTSPWRSunPower should be bought aggressively at current levels, says Baird
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