Why SunPower Stock Slumped on Thursday
Whenever a company delays a regulatory filing, particularly one involving quarterly or annual financial updates, some investors fear the worst. After all, such filings are a normal and expected aspect of the life of publicly traded businesses.
This explains the nearly 2% sell-off in (NASDAQ: SPWR) shares on Thursday. The solar energy company admitted in a brief regulatory filing that it'll be late in filing its latest set of fundamentals.
Anyone hoping to learn in-depth how SunPower did in 2023 will have to wait longer than expected. The company said the submission of its 10-K annual report would be delayed an indefinite period of time.
Source Fool.com
Sunpower Corp. Stock
€2.00
-1.440%
Currently there is a rather negative sentiment for Sunpower Corp. with 9 Buy predictions and 13 Sell predictions..
On the other hand, the target price of 7 € is above the current price of 2.0 € for Sunpower Corp., so the potential is actually 250.28%.
