SunPower (SPWR) Issues Q4 Earnings Guidance
SunPower (SPWR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.00-0.25 for the period.
On a related note, analysts at Zacks reiterated a neutral rating on shares of SunPower in a research note to investors on Wednesday, September 5th. They now have a $4.50 price target on the stock.
SunPower (SPWR) traded up 5.80% on Thursday, hitting $4.56. SunPower (SPWR) has a 52-week low of $3.71 and a 52-week high of $9.90. The company’s market cap is $542.1 million.
SunPower last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.14. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, analysts predict that SunPower (SPWR) will post $-0.02 earnings per share for the current fiscal year.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.
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