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SunPower Corp (SPWR.OQ)

SPWR.OQ on NASDAQ Stock Exchange Global Select Market

7.43USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Sunpower Reports Qtrly GAAP Revenue Of $456.8 Mln Versus $651.1 Mln
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - SunPower Corp ::SUNPOWER REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 RESULTS.MORE THAN 50 PERCENT SEQUENTIAL NET DEBT REDUCTION IN QUARTER.EXPECTS FINANCIAL PERFORMANCE TO IMPROVE ON A QUARTERLY BASIS THROUGHOUT FISCAL YEAR 2019.SUNPOWER - EXPECTS FISCAL YEAR 2019 ADJUSTED EBITDA TO INCREASE APPROXIMATELY 60 PERCENT ON A NORMALIZED BASIS ADJUSTING FOR NON-CONTROLLING INTEREST.QTRLY GAAP REVENUE $456.8 MILLION VERSUS $651.1 MILLION.BELIEVES THAT CHANGE IN LEASING BUSINESS STRUCTURE WILL IMPROVE LEASE ECONOMICS STARTING IN 2019.QTRLY GAAP NET LOSS PER DILUTED SHARE $1.12.Q4 EARNINGS PER SHARE VIEW $-0.32, REVENUE VIEW $562.0 MILLION -- REFINITIV IBES DATA.SEES Q1 REVENUE OF $290 MILLION TO $330 MILLION.SEES Q1 GROSS MARGIN OF DOWN 3 PERCENT TO 0 PERCENT.SUNPOWER - RECENTLY BEGAN PRODUCTION OF P-SERIES TECHNOLOGY AT FACILITY IN OREGON, EXPECT TO SHIP UP TO 150 MW OF P-SERIES FROM FACILITY THIS YEAR.ON A NON-GAAP BASIS, COMPANY EXPECTS REVENUE OF $350 MILLION TO $390 MILLION IN Q1.QTRLY NON-GAAP NET LOSS PER DILUTED SHARE $0.21.SEES 2019 REVENUE OF $1.8 BILLION TO $1.9 BILLION ON A GAAP BASIS AND $1.9 BILLION TO $2.0 BILLION ON A NON-GAAP BASIS.SEES CAPITAL EXPENDITURES OF APPROXIMATELY $75 MILLION AND ADJUSTED EBITDA OF $80 MILLION TO $110 MILLION IN 2019.Q1 REVENUE VIEW $496.8 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $2.29 BILLION -- REFINITIV IBES DATA.  Full Article

Sunpower Corp Qtrly GAAP Loss Per Share $0.64
Wednesday, 31 Oct 2018 

Oct 30 (Reuters) - SunPower Corp ::SUNPOWER REPORTS THIRD QUARTER RESULTS.QTRLY NON-GAAP LOSS PER SHARE $0.29.QTRLY GAAP LOSS PER SHARE $0.64.QTRLY NON GAAP REVENUE $443.4 MILLION VERSUS $533.6 MILLION.QTRLY GAAP REVENUE $428.3 MILLION VERSUS $485.8 MILLION.SEES Q4 REVENUE OF $460 MILLION TO $510 MILLION.SEES Q4 NET LOSS OF $165 MILLION TO $135 MILLION.ON A NON-GAAP BASIS, EXPECTS REVENUE OF $510 MILLION TO $610 MILLION IN Q4.SEES FISCAL YEAR 2018 REVENUE OF $1.7 BILLION TO $1.8 BILLION ON A GAAP BASIS.SEES FISCAL 2018 REVENUE OF $1.8 BILLION TO $1.9 BILLION ON A NON-GAAP BASIS.SEES REDUCTION IN FY GUIDANCE IS RESULT OF PROJECT DELAYS IN CO'S SUNPOWER SOLUTION BUSINESS.FY2018 GAAP & NON-GAAP GUIDANCE INCLUDES IMPACT OF ABOUT $50 MILLION RELATED TO SECTION 201 TARIFF ACTION.SEES 2018 CAPITAL EXPENDITURES OF $100 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.40, REVENUE VIEW $475.8 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $-0.79, REVENUE VIEW $1.99 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Walmart, Sunpower Announce 23-Megawatt Solar Agreement
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Walmart ::WALMART, SUNPOWER ANNOUNCE 23-MEGAWATT SOLAR AGREEMENT.WALMART SAYS IS FINANCING THE SOLAR PROJECTS THROUGH A POWER PURCHASE AGREEMENT ARRANGED BY SUNPOWER.WALMART SAYS WILL OWN THE RENEWABLE ENERGY CREDITS ASSOCIATED WITH THE SOLAR PROJECTS SYSTEM.WALMART-AGREEMENT WITH SUNPOWER TO HAVE SUNPOWER INSTALL SOLAR SYSTEMS AT 19 STORES & TWO DISTRIBUTION CENTERS IN ILLINOIS.WALMART SAYS START OF CONSTRUCTION OF THE SOLAR SYSTEMS TARGETED FOR H1 2019.  Full Article

Sunpower Corp Reports A 7.7 Pct Stake In Enphase Energy
Tuesday, 21 Aug 2018 

Aug 20 (Reuters) - Sunpower Corp Reports A 7.7 Pct Stake In Enphase Energy ::AS OF AUG. 9 - SEC FILING.SUNPOWER - IN ADDITION TO TRANSACTIONS CONTEMPLATED BY JUNE 12 PURCHASE AGREEMENT WITH ENPHASE, ENPHASE & SUNPOWER ENTERED INTO A MASTER SUPPLY AGREEMENT.SUNPOWER - AS PER MASTER SUPPLY AGREEMENT, SUNPOWER WILL EXCLUSIVELY PROCURE MODULE LEVEL POWER ELECTRONICS & RELATED EQUIPMENT FROM ENPHASE FOR 5 YRS.  Full Article

Sunpower - Unit Of Co Entered Term Credit Agreement With Credit Agricole Corporate And Investment Bank
Friday, 25 May 2018 

May 25 (Reuters) - SunPower Corp ::SUNPOWER - ON MAY 22 UNIT OF CO ENTERED TERM CREDIT AGREEMENT WITH CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK.SUNPOWER SAYS UNDER TERMS, UNIT MAY BORROW UP TO $300 MILLION - SEC FILNG.SUNPOWER CORP - ANTICIPATES UNIT WILL BORROW FULL AMOUNT AVAILABLE UNDER CREDIT AGREEMENT PRIOR TO OR ON JUNE 1, 2018.SUNPOWER - AMOUNTS BORROWED UNDER AGREEMENT TO BE USED TO REPAY OBLIGATIONS OUTSTANDING IN RESPECT OF CO'S 0.75% CONVERTIBLE DEBENTURES DUE JUNE 1.  Full Article

Sunpower Invests In American Solar Manufacturing
Wednesday, 18 Apr 2018 

April 18 (Reuters) - SunPower Corp ::SUNPOWER INVESTS IN AMERICAN SOLAR MANUFACTURING.SUNPOWER CORP - E PURCHASE PRICE WAS NOT DISCLOSED..SUNPOWER - TO ACQUIRE HILLSBORO, OREGON-BASED SOLARWORLD AMERICAS.  Full Article

Ekso Bionics Announces Executive Leadership Changes
Monday, 12 Mar 2018 

March 12 (Reuters) - Ekso Bionics Holdings Inc ::EKSO BIONICS ANNOUNCES EXECUTIVE LEADERSHIP CHANGES; JACK PEURACH, CO-FOUNDER OF EKSO BIONICS, LONG-TIME BOARD MEMBER AND SEASONED EXECUTIVE APPOINTED PRESIDENT AND CHIEF EXECUTIVE OFFICER; CHARLES LI, PH. D. TO JOIN BOARD OF DIRECTORS.EKSO BIONICS HOLDINGS INC - ‍ PEURACH SUCCEEDS THOMAS LOOBY, WHO IS LEAVING COMPANY AND BOARD TO PURSUE OTHER INTERESTS​.EKSO BIONICS HOLDINGS INC - ‍PEURACH WILL REMAIN A MEMBER OF EKSO BIONICS' BOARD​.EKSO BIONICS HOLDINGS INC - ‍ PRIOR TO JOINING CO, PEURACH WAS EXECUTIVE VICE PRESIDENT, PRODUCTS FOR SUNPOWER CORP​.  Full Article

SunPower reports Q3 loss per share $0.39‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - SunPower Corp :SunPower reports third quarter 2017 results.SunPower Corp qtrly loss per share $0.39‍​.SunPower Corp - qtrly ‍non-GAAP earnings per share $0.21​.SunPower Corp qtrly ‍GAAP revenue $477.2 million versus $729.3 million ​.SunPower Corp - restructuring program remains on track to be completed in first half of next year​.SunPower Corp - sees Q4 ‍revenue of $635 million to $685 million​.SunPower Corp qtrly ‍non-GAAP revenue $533.6 million versus $770.1 million ​.Q3 earnings per share view $-0.39, revenue view $368.2 million -- Thomson Reuters I/B/E/S.Q4 earnings per share view $0.02, revenue view $975.8 million -- Thomson Reuters I/B/E/S.SunPower Corp - ‍on a non-GAAP basis, company expects revenue of $800 million to $850 million for q4​.SunPower Corp - ‍for fiscal year 2017 lower capital expenditures now forecasted to be in range of $100 million to $120 million​.  Full Article

SunPower receives automated access for drone flights in U.S. FAA controlled airspace
Monday, 30 Oct 2017 

Oct 30 (Reuters) - SunPower Corp - :SunPower receives automated access for drone flights in U.S. FAA controlled airspace.Receive approval from U.S. Federal Aviation Agency for automatic access to operate a drone in regulated airspace over controlled airports.  Full Article

SUNPOWER SAYS UNIT OF AES CORP TO DEVELOP POWER PLANT PLAFTORM IN HAWAII
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - SunPower Corp ::SUNPOWER CORP - UNIT OF AES CORP ANNOUNCED THAT SUNPOWER OASIS POWER PLANT PLATFORM IS UNDER DEVELOPMENT BY AES DE ON HAWAIIAN ISLAND OF KAUA‛I​.SUNPOWER CORP - ‍UNIT OF AES CORP TO CONSTRUCT 28-MEGAWATT SUNPOWER OASIS SYSTEM AT SITE & 20-MEGAWATT FIVE-HOUR DURATION ENERGY STORAGE SYSTEM​.SUNPOWER CORP - ‍UNIT OF AES CORP WILL BE LONG-TERM OWNER & OPERATOR OF PROJECT, WHICH IS EXPECTED TO BE OPERATIONAL BY END OF 2018​.  Full Article

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SunPower seeking partner for its solar panel making business

SunPower Corp is seeking a strategic partner for its solar panel manufacturing business, an arrangement that could allow it to expand the U.S. factory it acquired last year, Chief Executive Tom Werner said on Wednesday.