Shares of residential solar company SunPower (SPWR 21.12%) jumped as much as 27.4% in trading on Thursday after the company announced some new financing updates. Shares drifted lower as the day went on and are now up 19.9% at 3:15 p.m. ET.SunPower's debt kicked down the roadSunPower has been in default on some of its debt, leading to a "going concern" warning to investors. However, the company has gotten waivers from debtholders and is looking for more financing options. Today's news was that debtholders ha ...

Company Updates - SunPower Corp has received additional waiver extensions from Atlas Securitized Products Holdings, L P and Bank of America, extending the latest temporary waivers until February 16, 2024 [1] - The company has secured commitments for $20 million in financing from its majority shareholders TotalEnergies and Global Infrastructure Partners [1] - SunPower plans to use the financing and waiver extensions to continue discussions with key financial partners as it evaluates strategic alternatives for a long-term financial solution [1] Company Overview - SunPower is a leading residential solar, storage, and energy services provider in North America [2] - The company offers solar + storage solutions that provide customers with control over electricity consumption, resiliency during power outages, and cost savings for homeowners [2]

In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at SunPower (SPWR -2.29%), its spinoff of Maxeon Solar Tech (MAXN -2.05%), and why Enphase Energy (ENPH -1.37%) and First Solar (FSLR -0.94%) look like better stocks to buy right now.*Stock prices used were from the afternoon of Jan. 23, 2023. The video was published on Jan. 27, 2023. ...

After enjoying a pleasant pop in its share price at the end of 2023, solar company SunPower (SPWR -10.00%) is experiencing a dimmer 2024. Its share price cratered by 10% on Thursday after an analyst downgraded his rating on the stock. That decline was far steeper than the S&P 500 index's 0.3% dip for the session.Yet another bearish take on SunPowerWell before the market opened, Raymond James Financial's Pavel Molchanov changed his recommendation on SunPower stock to market perform -- hold, in other words -- ...

We might be in the depths of winter, but investors have been feeling warm and fuzzy about SunPower (SPWR -1.63%) stock these past few trading days. Data compiled by S&P Global Market Intelligence reveal the solar company's share price glowed more than 8% brighter over the course of this week. SunPower's latest financing news was a major reason for the uptick.SunPower was thrown a financial lifelineAt the end of November, SunPower announced a delay in delivering its latest set of quarterly financials to the ...

The solar industry should have had a good week, with interest rates continuing to fall and the residential solar industry looking like it's about to turn a corner. Instead, SunPower's (SPWR 1.12%) shares collapsed 27%, according to data provided by S&P Global Market Intelligence, because SunPower warned investors that it may not be a "going concern" if it can't find additional financing.The financing crunchThis week, SunPower announced it had breached covenants on debt that could be immediately callable, me ...

Table of Contents _________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.001 par value per share SPWR The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 OR ☐ TRANSITION REPORT PURS ...

SunPower Corporation (NASDAQ:SPWR) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Mike Weinstein - Vice President, Investor Relations Peter Faricy - Chief Executive Officer Beth Eby - Chief Financial Officer Conference Call Participants Tristan Richardson - Scotiabank Colin Rusch - Oppenheimer & Company, Inc. Philip Shen - Roth MKM Pavel Molchanov - Raymond James Joseph Osha - Guggenheim Brian Lee - Goldman Sachs Ben Kallo - Baird Jon Windham - UBS Julien Dumoulin-Smith - ...

November 1, 2023 SunPower Confidential and Proprietary | © 2023 SunPower Corporation Safe Harbor Statement This presentation contains forward-looking statements within the meaning of (1) regulatory changes and the availability of economic incentives promoting use of solar the Private Securities Litigation Reform Act of 1995, including, but not limited to, energy; (2) potential disruptio ...

Table of Contents _________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.001 par value per share SPWR The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2023 OR ☐ TRANSITION REPORT PURSUAN ...