Why SunPower Stock Popped on Friday [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
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 finishing performance probably goes to the Solar Energy Industries Association (SEIA) and a report it published midday Thursday. What SEIA says about solar According to SEIA's report, the first quarter of 2024 was the second-best quarter ever for the solar power industry in America, with 11.8 gigawatts of direct current solar power added to the grid. What's more the quarter was second to Q4 2023 -- the preceding quarter, meaning solar power companies just booked their two best quarters ever! That's the good news. Now here's the bad news for SunPower stock: 9.8 of those 11.8 gigawatts installed in Q1 2024 were utility-scale solar power projects, a segment of the solar market that SunPower no longer serves. Instead, SunPower focuses on installing residential solar panels on homes. And according to SEIA, that segment of the solar market fell
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News
- Another Solar Company Goes Bust [Yahoo! Finance]Yahoo! Finance
- Maxeon to Showcase Latest Solar Energy Innovations and New Panel Technologies at Intersolar Europe 2024 [Yahoo! Finance]Yahoo! Finance
- Why ChargePoint, SunPower, and Sunnova Energy Stocks All Popped Today [Yahoo! Finance]Yahoo! Finance
- Solar Revolution Gaining Traction: 3 Stocks to Keep an Eye on [Yahoo! Finance]Yahoo! Finance
- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $2.25 to $2.00. They now have a "sell" rating on the stock.MarketBeat
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- 6/5/24 - Form 4
- SPWR's page on the SEC website