SunPower's problems continued as the company's audit firm quit. As stocks fall, the likelihood of finding more funding goes down.
SunPower's auditor notified the company in June it was resigning. In April, the company said it would be re-auditing its 2022 and 2023 accounting statements.
SunPower Corporation (NASDAQ: SPWR) has been nothing but disappointment for investors over the past twelve months. Still, there's reason to believe that its future may be markedly different from the past year.
With solar energy likely responsible for majority of the increase in domestic power generation, SunPower (SPWR), Nextracker (NXT) and First Solar (FSLR) are well poised to gain.
SunPower Co. NASDAQ: SPWR offers solar products, including high-efficiency solar panels and complete solar systems, to businesses and homeowners. SunPower manufactures its own photovoltaic (PV) solar panels, Maxeon solar cells with interdigitated back contact (IBC) technology, which are even more efficient than optimized passivated emitter and rear contact (PERC) panels.
Good news: The Solar Energy Industries Association says Q1 2024 was the solar power industry's second-best quarter ever. Bad news: But not for residential solar.
SunPower's focus is on US rooftop solar PV which has barely started in the US (except for California). I'm influenced by the Australian rooftop solar story, which is pivotal for both personal power production/management as well as for stabilization of grids with high penetration of renewables. SunPower is now 65.1% owned by TotalEnergies and Global Infrastructure Partners, meaning really big players are supporting the US rooftop solar business.
The latest post from influential trader Keith Gill, aka Roaring Kitty, sent shares of original meme stocks GameStop Corp. and AMC Entertainment Holdings Inc. soaring in premarket trades Monday, while lifting other heavily shorted names.
The latest trading day saw SunPower (SPWR) settling at $3.34, representing a -1.91% change from its previous close.
SunPower Corp. disclosed Friday that Chief Operating Officer Jennifer Johnston has been terminated by the solar-panel maker's board of directors.
Artificial intelligence mania has taken the tech sector by storm. However, realization of the immense electricity needs for AI data centers is emerging, boosting clean power stocks.
Solar technology and energy services provider SunPower (NASDAQ: SPWR ) saw its shares rise dramatically higher on Wednesday. Earlier, the company announced that it will add the Tesla (NASDAQ: TSLA ) Powerwall 3, a battery storage system, to its portfolio.