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Why SunPower Stock Dropped Today

TheMotleyFool

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Shares of residential and commercial solar company SunPower (NASDAQ: SPWR) dropped Thursday after the company reported its fourth-quarter and full-year 2020 earnings last night. As of 2:45 p.m. EST, shares were 15% below Wednesday's closing price.

Though SunPower beat the expected $0.11 per-share income by $0.03, according to FactSet, revenue of $342 million for Q4r ended Jan. 3, 2021 missed estimates. Investors today appear to be unhappy with the first-quarter and full-year 2021 guidance the company provided.

Source Fool.com

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