SunPower shares are trading lower after the company reported below consensus Q2 revenue and guided FY23 net loss.
Portfolio Pulse from Benzinga Newsdesk
SunPower reported below consensus Q2 revenue and guided FY23 net loss, leading to a decrease in its share price.
July 26, 2023 | 12:37 pm
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NEGATIVE IMPACT
SunPower's lower than expected Q2 revenue and projected FY23 net loss have negatively impacted its stock price.
SunPower's reported Q2 revenue was below market expectations, and the company also projected a net loss for FY23. These factors have led to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100