SunPower stock slides on third-quarter view

We had Sun Power (NASDAQ: SPWR) releasing earnings today, and the market reacted with a big Sell-off. The news were this:

SunPower's first-quarter net income was $12.8 million, or 15 cents per share, compared with $1.2 million, or 2 cents per share, a year earlier.

Excluding special charges, SunPower earned $39.1 million, or 39 cents per share. Analysts, on average, had been expecting 35 cents per share, according to Reuters Estimates.

reuters article

Even after this recent move, the opening tomorrow will probably be on the upside with the positive earnings on Google pushing the whole market higher.

I will update some charts and news of more solar stocks that are in the move tomorrow.

Labels: Earnings, Google, Solar Stocks, SPWR, Sunpower

posted by Ertai at 9:55 PM