Can SunPower Turn Around Its Commercial Solar Business? [The Motley Fool]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: The Motley Fool
Even with the leading market share in commercial solar, the business hasn't been profitable for SunPower. At first glance, you'd expect commercial solar projects would be SunPower Corporation 's ( NASDAQ:SPWR ) strongest business. It has the development expertise to sell to commercial customers, has a pre-engineered solution in Helix, and has a high-efficiency solar panel that can leverage the limited space on rooftops or parking lots. But commercial solar has been a drag on the business of late. Its negative gross margin of 5.9% in the fourth quarter was not the sign of improvement investors were looking for, although that did include charges for underused capacity, restructuring, and the sale of excess polysilicon. But even factoring out those issues, margins were likely only mid to high single digits. Given its struggles in commercial solar, here's how SunPower sees a potential turnaround and how investors should measure success. Carport installation done by S
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SPWR
News
- Enphase Energy and SunPower: Solar stocks sliding [Yahoo! Finance]Yahoo! Finance
- It's a cloudy day for SunPower. [Verge, The]Verge, The
- SunPower to Cut Almost One-Third of Workforce [BNN Bloomberg (Canada)]BNN Bloomberg
- SunPower to cut jobs, shut business segments in restructuring plan [Seeking Alpha]Seeking Alpha
- Solar company SunPower to reduce workforce, shut business segments [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- SPWR's page on the SEC website