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Why SunPower's Shares Jumped 22% Today Before Falling
SPWRSunPower(SPWR) The Motley Fool·2024-02-15 19:47

Shares of residential solar installer SunPower (SPWR -0.70%) jumped a whopping 22.1% in trading early on Thursday after the company reported 175millioninfinancingandfourth−quarter2023financialresults.At1:30p.m.ETsharesweredownslightlyontheday,sotheearlygainshavealreadyevaporated.ThequarterforSunPowerQuarterlyresultsweresecondarytoday,butI′llstartthere.Revenuewas175 million in financing and fourth-quarter 2023 financial results. At 1:30 p.m. ET shares were down slightly on the day, so the early gains have already evaporated.The quarter for SunPowerQuarterly results were secondary today, but I'll start there. Revenue was 356.9 million in the quarter and net loss was 115.6million,or115.6 million, or 0.66 per share. SunPower ended the quart ...