Shares of residential solar company SunPower (NASDAQ: SPWR) were plunging in Friday trading, down 22.4% as of 2:12 p.m. ET. The company released an 8-K form late Wednesday, July 3, informing investors that its auditor, Ernst & Young, had resigned as of June 27. And the reasons for the resignation didn’t sound good. Statements from […]
(Bloomberg) — SunPower Corp. tumbled the most in seven weeks after the struggling solar company’s accountant quit amid allegations of misconduct by senior executives. Most Read from Bloomberg The company’s shares slumped as much as 16%, the most intraday since May 17, and were trading at $2.27 at 12:05 p.m. in New York. The company […]
SunPower (NASDAQ: SPWR) stock is on a roll. After a weak start to the week, for the three straight days, shares of the residential solar power specialist have run higher. Including Friday’s gain (up 9.1% through 11:30 a.m. ET), SunPower stock is now up a lucky 13% for the week. Credit for the stock’s strong […]
Shares of solar-related stocks First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), and Sunnova Energy (NYSE: NOVA) were rocketing higher today, appreciating 18%, 17.4%, and 12.6%, respectively, as of 2:08 p.m. EDT. First Solar received a positive analyst upgrade late yesterday and was up 8% or so on Tuesday before its renewed surge today. However, it […]
Solar energy stocks had an incredible day on Tuesday with SunPower (NASDAQ: SPWR) jumping as much as 105% in trading before closing up 61.6% on the day. Call it meme trading or a short squeeze, but shares were up huge on almost no news for the industry. SunPower wasn’t the only solar stock moving today. […]
(Bloomberg) — Heavily shorted SunPower Corp. shares have been caught up in the meme-stock frenzy, sending the solar power company toward its biggest gain on record. Most Read from Bloomberg The stock of SunPower, which sells residential systems, soared as much as 86% Tuesday, to as high as $5.12, after a roughly 20% advance Monday. […]
(Reuters) -SunPower said on Wednesday it plans to cut jobs and shut certain business segments as part of a restructuring to help lower costs, sending the solar power generation company’s shares up 3.5% in choppy trading. The development comes a day after the company disclosed it identified misstatements in its results for fiscal 2022. SunPower […]
By Sourasis Bose (Reuters) -SunPower has identified misstatements in its results for fiscal year 2022, the U.S. solar power storage and energy service provider said in a regulatory filing on Tuesday. It expects a $15 million to $25 million decrease in income from continuing operations before income taxes and some other adjustments for the year […]
Monday is shaping up to be a be a bad day to own renewable energy stocks. Shares of hydroelectric, wind, and solar power plant operator Brookfield Renewable Energy (NYSE: BEPC) fell 4.1% through 11:20 a.m. ET, while smaller hydrogen company Plug Power (NASDAQ: PLUG) and solar power provider SunPower (NASDAQ: SPWR) sank 6.3% and 8.7%, respectively. To […]
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Key Takeaways SunPower Corp. shares plummeted more than 30% after the solar company warned that it could go out of business if creditors decide to demand immediate payment of its debt. The solar power equipment and services provider said that it wouldn’t have enough liquidity to cover normal business operations if it had to pay […]
(Bloomberg) — SunPower Corp. plunged the most ever in intraday trading after it breached a credit agreement and said there is “substantial doubt” about its ability to continue operating. Most Read from Bloomberg Shares of the rooftop solar company slumped as much as 41%. SunPower, which is majority owned by French energy giant TotalEnergies SE, […]