News Formal

SunPower shares slump after solar company reduces annual outlook

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SunPower shares slump after solar company reduces annual outlook

) sank on Wednesday after residential solar panel group reduced its annual financial guidance, citing lower-than-anticipated consumer demand and delayed revenue recognition.

Expectations for adjusted earnings before interest, tax, depreciation and amortization were also revised to predict a 2023 loss of $25M - $35M. SunPower had previously forecast positive earnings of $55M - $75M.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SunPower Stock Tumbles. Earnings Were That Bad.SunPower now expects to post a fiscal 2023 net loss of between $175 million and $165 million.
Source: MarketWatch - 🏆 3. / 97 Read more »

Skanska misses profit view as property market slump bitesSkanska misses profit view as property market slump bites
Source: Investingcom - 🏆 450. / 53 Read more »