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SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln
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820 days ago

(RTTNews) - While providing preliminary unaudited financial results for the second quarter on Wednesday, SunPower Corp. (SPWR) reported a net loss of $30 million on revenues of $464 million, up 11 percent year-over-year. Customer growth was of 20,400 new customers.
"Demand in the second quarter has weakened more than expected in the Southeast and Southwest where macroeconomic uncertainty and higher interest rates have slowed our top-of-funnel lead generation and sales bookings," said Peter Faricy, SunPower CEO.
Looking ahead to fiscal 2023, the company reduced guidance for net loss to a range of $90 million to $70 million.
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SunPower CEO Peter Faricy Departs
SunPower Corp. (SPWR), a residential solar technology and energy services provider,?announced Tuesday that Chief Executive Officer Peter Faricy has departed the Company, effective February 26, 2024. The Board is conducting a comprehensive search process to identify a permanent CEO.
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604 days ago
SunPower Q1 Adj. Loss Misses Estimates
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904 days ago
SunPower Q3 Results Top Estimates; Stock Up 13%
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1080 days ago
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1h 51min ago
French Manufacturing Sentiment Strengthens Unexpectedly
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2h 6min ago
CAC 40 Hovers Near Record High; Kering Soars Over 10%
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2h 15min ago