The Constant Thorn in SunPower's Side [The Motley Fool]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investors.sunpower.com
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Source: The Motley Fool
When SunPower Corporation ( NASDAQ:SPWR as good or better than what investors expected But most of the improvement SunPower saw in the quarter was in its manufacturing business, which is being spun off as Maxeon Solar Technologies later this year. The residential and commercial business was far less impressive, with a gross margin of just .7%, and there's a big reason for that. Commercial solar continues to be a huge disappointment for SunPower. Image source: SunPower. Commercial solar disappoints SunPower has the # market share position in commercial solar, and you might think would be a good thing -- but the company can't seem to make money in commercial solar. In the fourth quarter, commercial solar sales were $98.8 million, and gross margin was just .%. This is following quarters of -.%, 7.8%, and .% gross margins to start the year. The fact is that commercial solar is still not profitable, and even with an announced restructuring to reduce fixed costs and put more installation on
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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