Scalper1 News
SunPower (SPWR) reported a steep decline in Q1 profit as it sold fewer of its power plants in preparation for a yieldco with First Solar (FSLR) but still topped estimates. San Jose, Calif.-based SunPower earned 13 cents a share excluding items, down 73.5% from a year earlier, but above views by 4 cents. Non-GAAP revenue fell 37% to $430.6 million, missing views of $452.6 million. Shares were down 1.2% in late trading after closing down 3.3%. The Scalper1 News
Scalper1 News