Why SunPower's Stock Dropped 41% on Monday
Shares of residential solar company (NASDAQ: SPWR) fell as much as 41% on Monday after it filed updated quarterly and annual filings and said that there's a question it will be a "going concern." This is a warning companies give when it's uncertain if they can continue operations given their current financial position.
SunPower stock recovered slightly in early afternoon trading and is down 37.1% at 12:10 p.m. ET.
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Source Fool.com
Sunpower Corp. Stock
€2.03
0.350%
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 2.03 € for Sunpower Corp., so the potential is actually 244.06%.
