Tag Archives: sunpower energy

Sunpower (SPWR) Posts Surprise Non GAAP Profit, Shares Soar Then Slide

Sunpower (SPWR), the big US solar power manufacturer and project developer, posted a surprising non GAAP profit after the bell last night and the stock has rocketed higher today on heavy volume.  The CEO acknowledged it was a messy quarter of one time adjustments and costs, but on an adjusted basis taking out one time charges, the company posted .16/share in profit which was well ahead of analyst estimates that called for a .05/share loss.  … Read the rest