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SunPower Corp (SPWR.OQ)

SPWR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

SunPower posts Q4 adj. loss per share $0.64
Thursday, 16 Feb 2017 

SunPower Corp : SunPower reports fourth quarter 2016 results . SunPower corp qtrly non-GAAP net loss per diluted share $0.64 . Sees Q1 2017 revenue $315 million to $365 million . SunPower corp qtrly GAAP net loss per diluted share $1.99 . Qtrly GAAP revenue $1,024.9 million versus $374.4 million . Qtrly non-GAAP revenue $1,097.3 million versus $1,363.9 million . SunPower Corp sees FY revenue of $1.8 billion to $2.3 billion on a GAAP basis and $2.1 billion to $2.6 billion on a non-GAAP basis . SunPower Corp - expects to record GAAP restructuring charges totaling $50 million to $100 million in fiscal year 2017 . SunPower Corp - expects to generate positive operating cash flow through end of fiscal year 2017 and exit year with approximately $300 million in cash . SunPower Corp sees Q1 fiscal 2017 GAAP revenue of $315 million to $365 million . SunPower Corp sees Q1 fiscal 2017 GAAP net loss of $175 million to $150 million . SunPower Corp sees on a non-GAAP basis, company expects Q1 revenue of $370 million to $420 million, gross margin of 0 percent to 2 percent . SunPower Corp sees Q1 non GAAP adjusted EBITDA loss of $45 million to $20 million and megawatts deployed in range of 150 mw to 180 mw . Q1 earnings per share view $-0.11, revenue view $459.2 million -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $-0.01, revenue view $2.41 billion -- Thomson Reuters I/B/E/S.  Full Article

SunPower plans to drop-down minority stake in Henrietta project to 8POINT3 Energy - Conf Call
Wednesday, 10 Aug 2016 

SunPower Corp : SunPower Corp CEO says beyond 2016, expect that the pace of U.S. power plant project deployments will be reduced for the next two years - Conf call . Plan to drop-down the remaining minority stake in Henrietta project to 8POINT3 Energy, before the end of the year . SunPower Corp CEO says "will reduce my cash salary and bonus to $1 for the balance of the year " - Conf call Further company coverage: [SPWR.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sunpower says expects workforce reduction of about 15 pct
Wednesday, 10 Aug 2016 

Sunpower Corp : Gaap revenue $401.8 million versus $376.7 million last year . Sunpower reports second quarter 2016 results . Sees fy 2016 revenue $2.8 billion to $3.0 billion . Qtrly non-gaap net income loss per diluted share $0.22 . Q2 earnings per share view $-0.24, revenue view $345.1 million -- Thomson Reuters I/B/E/S . Sunpower corp sees q3 2016 gaap revenue of $700 million to $800 million . Realigning manufacturing operations to increase relative mix of x-series capacity . Sunpower corp says expects workforce reduction of approximately 15 percent or 1,200 employees . Substantial portion of charges to be incurred in q3 of 2016 with more than 50 percent of total charges to be cash . On a gaap basis, now expects 2016 gross margin of 9.5 percent to 11.5 percent and net loss of $175 million to $125 million . Gaap revenue of $3.0 billion to $3.2 billion . Fy2016 earnings per share view $1.36, revenue view $3.29 billion -- Thomson Reuters I/B/E/S . Q3 earnings per share view $0.81, revenue view $1.13 billion -- Thomson Reuters I/B/E/S . Sunpower corp says q2 gaap revenue $420.5 million versus $381 million last year . Qtrly loss per share $0.51 . Gaap basis, in q3 2016, company expects revenue of $750 million to $850 million . To utilize equipment from some of older solar cell manufacturing lines in fab 2 to debottleneck capacity in order to increase supply of x-series panels.  Full Article

SunPower enters agreement with First Philippine and First Philec
Tuesday, 26 Jul 2016 

SunPower Corp : On July 22 company's unit entered into an agreement with first philippine electric corp and first philec solar corp - sec filing . Company had previously recorded an accrual related to matter, and thus settlement did not have a material impact on statements of operations . Pursuant to terms, SPML has paid a total of $50.5 million to FPSC and FPEC in settlement of all claims between parties . Also pursuant to compromise agreement, SPML will transfer all of its shares in FPSC to FPEC . Agreement to settle claims, counterclaims, disputes, proceedings between company's unit and First Philippine Electric Corp, First Philec Solar Corp Source : (http://bit.ly/2aHbP9p) Further company coverage: [SPWR.O] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

UPDATE 2-SunPower loss narrows, sees $55 mln 2018 tariff impact

May 8 U.S. solar company SunPower Corp reported a smaller-than-expected quarterly loss on Tuesday on higher demand for solar panels in its U.S. residential and commercial business.