SunPower Reports Q1 Loss; Sales Guidance Lags By $400 Million

May 6, 2016 4:16 AM

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SunPower Reports Q1 Loss; Sales Guidance Lags By $400 Million

Late Thursday, No. 2 solar developer SunPower (SPWR) reported Q1 sales that topped Wall Street estimates, but it also posted its first quarterly loss since Q1 2012, and its current-quarter sales guidance lagged Wall Street views by about $400 million.

SunPower stock was down 1.5% in after-hours trading Thursday, after the company released its earnings. Shares fell 3.7% in Thursday’s regular session. Last week, top rival First Solar (FSLR) reported Q1 sales that lagged Wall Street by about $100 million.

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