Why SunPower Stock Popped Today -- But Bloom Energy and Plug Power Dropped [The Motley Fool]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: The Motley Fool
What happenedAlternative energy stocksSunPower Corporation(NASDAQ:SPWRBloom NYSE:BEAndPlug PowerNASDAQ:PLUGcapture the entire hydrogen supply chainImage source: Getty Images.So whatWhy the early excitement, and why the sudden loss of enthusiasm? Plug's drop is the easiest to explain today, because asTheFly.comalsoBloom , initially demonstrating strength today, may have gotten caught up in Plug's wake. In its note downgrading Plug, Barclays observed thatotherGiven that Bloom stock is up 7% in just two weeks on essentially no news, this means Bloom's stock price, too, could be at risk.Now whatAnd what about SunPower? Here I think the picture looks a bit better. On the one hand, as we move closer to noonday trading, SunPower stock has already given up much of the gains it enjoyed earlier this morning. On the other hand, though, SunPower is the only one of these three stocks currently earning a profit ($0 million over the past year). SunPower also arguably received an endorsement fromThe
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News
- SunPower plunges after disclosing plans to restate earnings [Seeking Alpha]Seeking Alpha
- Solar company Sunpower flags issues with financial reporting [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- SunPower Slides After Disclosing Plans to Restate Earnings [Yahoo! Finance]Yahoo! Finance
- SunPower Slides After Disclosing Plans to Restate Earnings [BNN Bloomberg (Canada)]BNN Bloomberg
- Solar company Sunpower flags issues with financial reporting [Yahoo! Finance]Yahoo! Finance
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- SPWR's page on the SEC website