Source: www.investors.com - Wednesday, July 31, 2019
SunPower earnings missed Wall Street estimates but revenue was a solid beat, the company reported Wednesday. SunPower ( SPWR ) stock soared in after-hours trading. The solar panel maker reported an adjusted loss of 22 cents per share on revenue of $481.9 million. Wall Street expected an adjusted loss of 19 cents on revenue of $444.2 million. The results and estimates were reported on what is known as a non-GAAP basis X SunPower stock jumped 15.5%, near 13.50, during after-hours trading on the stock market today . During regular-hours trading SunPower stock jumped 8.2%, closing at $11.69. SunPower owns a 7% stake in Enphase Energy ( ENPH ), which soared 30% Wednesday on the heels of a second-quarter earnings report that beat estimates, reported after the market close Tuesday. San Jose, Calif.-based SunPower makes silicon photovoltaic cells and solar panels and develops solar systems ranging from rooftops to large, utility-scale power plants. Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets. YOU MIGHT ALSO LIKE: Enphase Energy, Stock Of The Day, Soars On Quarterly Earnings Report These Technology Stocks Have A Spot In IBD Leaderboard Create Your Own Custom Stock Screens With MarketSmith Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists Looking For The Best Stocks To Buy And Watch? Start Here The post SunPower Stock Jumps As Revenue Leaps Past Wall Stree
Source: Breaking News
SunPower earnings missed Wall Street estimates but revenue was a solid beat, the company reported Wednesday. SunPower ( SPWR ) stock soared in after-hours trading. The solar panel maker reported an adjusted loss of 22 cents per share on revenue of $481.9 million. Wall Street expected an adjusted loss of 19 cents on revenue of $444.2 million. The results and estimates were reported on what is known as a non-GAAP basis X SunPower stock jumped 15.5%, near 13.50, during after-hours trading on the stock market today . During regular-hours trading SunPower stock jumped 8.2%, closing at $11.69. SunPower owns a 7% stake in Enphase Energy ( ENPH ), which soared 30% Wednesday on the heels of a second-quarter earnings report that beat estimates, reported after the market close Tuesday. San Jose, Calif.-based SunPower makes silicon photovoltaic cells and solar panels and develops solar systems ranging from rooftops to large, utility-scale power plants. Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets. YOU MIGHT ALSO LIKE: Enphase Energy, Stock Of The Day, Soars On Quarterly Earnings Report These Technology Stocks Have A Spot In IBD Leaderboard Create Your Own Custom Stock Screens With MarketSmith Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists Looking For The Best Stocks To Buy And Watch? Start Here The post SunPower Stock Jumps As Revenue Leaps Past Wall Stree
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Source: Breaking News
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