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Sunpower Corp - SPWR STOCK NEWS

Welcome to our dedicated news page for Sunpower (Ticker: SPWR), a resource for investors and traders seeking the latest updates and insights on Sunpower.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunpower's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunpower's position in the market.

Rhea-AI Summary
SunPower (SPWR) received a notice from Nasdaq regarding non-compliance with timely financial report filings. The company must submit a plan to regain compliance within 60 days. Nasdaq may grant an extension of up to 180 days for compliance. SunPower is working to finalize the Form 10-K for filing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.03%
Tags
none
-
News
Rhea-AI Summary
SunPower Corp. appoints Tony Garzolini as Executive Vice President and Chief Revenue Officer to enhance profitability and Dealer experience. Garzolini brings over 20 years of home energy experience, aiming to strengthen sales channels and market position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
management
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Rhea-AI Summary
SunPower Corp. (SPWR) announces a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, due to restatements of prior period financial statements, providing an automatic extension of fifteen days to file the Form 10-K.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
News
Rhea-AI Summary
SunPower Corp. announces the departure of CEO Peter Faricy and the establishment of the Office of the Chairman to lead business operations. The Board is conducting a CEO search while Tom Werner takes on the role of Executive Chairman and Principal Executive Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.13%
Tags
none
-
Rhea-AI Summary
SunPower Corp secures over $300 million in project financing commitments to expand residential solar and storage lease programs. The company aims to offer diverse financing options to customers, enhancing access to clean energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
-
Rhea-AI Summary
SunPower Corp secures over $300 million in project financing commitments to expand residential solar and storage lease programs. The company aims to offer diverse financing options to customers, enhancing access to clean energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
none
Rhea-AI Summary
SunPower Corp secures over $300 million in project financing commitments to expand residential solar and storage lease programs. The company aims to offer diverse financing options to customers, enhancing access to clean energy solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
-
Rhea-AI Summary
SunPower Corp. appoints Tom Werner as Executive Chairman of the Board, leveraging his extensive experience in the solar industry. Werner's return aims to drive growth and strengthen the company's core business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
management
-
Rhea-AI Summary
SunPower Corp. (SPWR) reported adding 16,000 customers in Q4 and 75,900 new customers in FY 2023. They announced Q4 revenue of $357 million and FY 2023 revenue of $1.7 billion. The company reported Q4 GAAP Net Loss of ($124) million and Adjusted EBITDA of ($68) million, with FY 2023 GAAP Net Loss of ($247) million and Adjusted EBITDA of ($84) million. SunPower also secured $175 million of additional capital and $25 million of revolving debt capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
earnings
Rhea-AI Summary
SunPower Corp. secures $175 million in capital financing through a second lien term loan, with additional revolving debt capacity and long-term waivers. The Company also obtains up to $155 million of additional liquidity, reinforcing its foundation for a sustainable and agile business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
Sunpower Corp

Nasdaq:SPWR

SPWR Rankings

SPWR Stock Data

503.62M
51.69M
0.73%
121.67%
22.84%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
San Jose

About SPWR

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