SunPower falls on downbeat Q2 revenue forecast

ReutersMay 12, 2026 1:35 PM

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Shares of solar services provider SunPower SPWR.O down 13% at $1

Company forecast Q2 revenue of $75 million vs estimate of $83.50 million - data compiled by LSEG

SPWR posts Q1 revenue of $72.8 million vs estimate of $77.5 million

"We lost money in Q1'26 due to lower revenue combined with a ramp in spending for anticipated Q3'26 growth – which we still believe will happen," - CEO T.J. Rodgers

Including session's moves, SPWR down 27.4% YTD

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