Why SunPower's Stock Got Crushed on Thursday
Shares of SunPower Corporation (NASDAQ: SPWR) fell as much as 10.7% Thursday after the company hosted an analyst day and provided updated full-year guidance. The stock closed the day down 9.1%.
Management announced that fiscal 2020 revenue is expected to be $1.06 billion to $1.10 billion, and net income will likely be $30 million to $40 million. Adjusted EBITDA is expected to be $20 million to $30 million, with megawatts (MW) recognized of 465 MW to 510 MW.
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Source Fool.com
