Solar firm SunPower to reduce workforce, shut business segments [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
The company said it will reduce its workforce by about 1,000 people in the coming days and weeks, and will also wind down its SunPower Residential Installation locations and close SunPower Direct sales. The company expects charges of about $28 million related to severance benefits, early contract terminations and certain write-offs. The steps are being taken to simplify the business structure, transitioning away from areas where the company has been unable to sustain profitable operations, and improving financial controls, SunPower's Principal Executive Officer Tom Werner said in a letter to employees. (Reporting by Mrinalika Roy in Bengaluru; Editing by Shounak Dasgupta)
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News
- SunPower Stock Is Down 55% This Year. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at Scotiabank from $6.00 to $4.00. They now have a "sector perform" rating on the stock.MarketBeat
- 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
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 4/24/24 - Form 8-K
- SPWR's page on the SEC website