US8676524064 - Common Stock
SUNPOWER CORP
NASDAQ:SPWR (4/26/2024, 3:30:02 PM)
After market: 1.99 0 (0%)1.99
+0.11 (+5.85%)
SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. The company is headquartered in Richmond California, California. The company went IPO on 2005-11-17. The firm offers fully integrated solar, storage and home energy solutions to customers primarily in the United States and Canada through a range of hardware, software, and financing options and Smart Energy solutions. The firm's Smart Energy adds layers of intelligent control to homes, buildings and grids, all personalized through easy-to-use customer interfaces. The company is engaged in the United States Distributed Generation (DG) storage and energy services market, providing customers control over electricity consumption and resiliency during power outages. The five pillars of its strategy include customer care, products, growth, digital innovation and financial solutions. The Company’s subsidiaries include SunPower Corporation, Systems, SunPower North America, LLC, SunStrong Capital Holdings, LLC, SunPower Capital, LLC Delaware and Blue Raven Solar Holdings, LLC.
SUNPOWER CORP
880 Harbour Way South, Suite 600
Richmond California CALIFORNIA 95134
P: 14082405500
CEO: Thomas H. Werner
Employees: 4710
Website: https://us.sunpower.com/
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SunPower layoffs have the have the solar technology and energy services company cutting 1,000 jobs to reduce operating costs.
SunPower just sent an email to its employees saying that it will "wind down" residential solar installations and lay off 1,000 employees.
SunPower Corp. will eliminate almost one-third of its workforce as the company copes with a prolonged slump in the rooftop solar business.
It expects a $15 million to $25 million decrease in income from continuing operations before income taxes and some other adjustments for the year ended Jan. 1, 2023. The misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions as cost of revenue, among other things. The breach was due to a delay in filing quarterly results stemming from inventory-related issues.
(Bloomberg) -- SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Trump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosThe rooftop solar company expects the revisions related to misclas
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