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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:34 EDTSPWRSunPower downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded SunPower to Neutral citing valuation.
News For SPWR From The Last 14 Days
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November 21, 2014
06:28 EDTSPWRNRG Energy to seek large cuts in carbon emissions
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November 19, 2014
18:06 EDTSPWRSunPower announces reorganization, sees $15M-$25M restructuring charge in Q4
SunPower disclosed in a regulatory filing that on November 14, SunPower announced a reorganization plan aimed towards realigning resources consistently with SunPower's global strategy and improving its overall operating efficiency and cost structure. In connection with this plan, which is expected to be completed by the end of fiscal 2015, SunPower expects approximately 85 to 115 employees to be affected, primarily in Europe, representing approximately 1% to 2% of SunPower's global workforce. SunPower expects to incur restructuring charges totaling approximately $15M to $25M, principally composed of severance benefits, lease and related termination costs, and other associated costs. A substantial portion of such charges are expected to be incurred in the Q4, and SunPower expects more than 90% of total charges to be cash. The actual timing and costs of the plan may differ from SunPower’s current expectations and estimates due to a number of factors, including uncertainties related to required consultations with employee representatives as well as other local labor law requirements and mandatory processes in the relevant jurisdictions.
November 18, 2014
12:59 EDTSPWRChinese solars advance following JA Solar results
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November 17, 2014
15:25 EDTSPWRSunPower call activity attributed to takeover speculation
SunPower November 28 and 28.5 call activity is attributed to takeover speculation. November call option implied volatility is at 60, November is at 53, December is at 89, January is at 51; compares to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
15:21 EDTSPWRSunPower turns negative following SolarCity segment on FBN
Shares of SunPower (SPWR) briefly spiked in afternoon trading after Liz Claman of Fox Business News stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Claman appeared to have been referring to Buffett's prior investment in SunPower's 579-megawatt Solar Star development, not a new investment in its stock. The anchor spoke with SolarCity (SCTY) CEO Lyndon Rive on the network and none of the discussion focused on new events regarding Buffett or SunPower, which is now down 1% in afternoon trading near $27.24.
15:03 EDTSPWRWarren Buffett investing in SunPower, FBN's Claman reports
Fox Business News' Liz Claman stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Reference Link
15:00 EDTSPWRRumor: SunPower strength attributed to takeover speculation
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06:34 EDTSPWRSunPower outlook only 'optically' soft, says Citigroup
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