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SunPower Corp (SPWR.OQ)

SPWR.OQ on NASDAQ Stock Exchange Global Select Market

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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
Wednesday, 13 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
Tuesday, 30 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
Monday, 20 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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Solar and wind firms call the 'Green New Deal’ too extreme

WASHINGTON/LOS ANGELES U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade.