SunPower (NASDAQ:SPWR) -25.5% AH following a smaller than forecast Q2 loss and better than expected revenues, but the company also lowered its full-year revenue forecast, saying aggressive pricing by new market entrants has hurt near-term economic returns.
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Current-quarter guidance for $155 million to $168 million would be up 42% vs. last year, but missed analysts’ views for $174.6 million.
Several research analysts have recently issued reports on the company.
Excluding one-time items, the company lost 22 cents per share.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Finally, Morgan Stanley restated a “buy” rating on shares of SunPower Corp.in a research report on Friday, May 6th.
Separately, TheStreet Ratings team rates the stock as a “sell” with a ratings score of D+. On year trading price range hit the peak level of $31.10 and touched the lowest level of $13.29 and its distance from 52 week high is -50.80% and current price is above +15.12% from 52 week low. Shares fell 3.4%in Tuesday’s regular session, to 14.78, and are down 51% for the year amid a 45% slide in IBD’s 20-company Energy-Solar industry group.
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Back on 7/28/2015 the company’s estimated EPS value was $0.14 and it reported $0.09 earnings per share (EPS) for the quarter ended on 6/2015. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment.
