Sunpower Short-Term Challenges Might Further Delay Its Turnaround
Feb 12, 2020
We didn’t recommend Sunpower Corporation for a trade. However, just before the quarterly results, we decided to take the profit and exit the position for the following reasons.
The company has repeatedly missed its timeline to be profitable. According to the company’s latest guidance, it expects to be profitable in the second half of this year. So we are taking its guidance to be profitable with a grain of salt.
During the last quarter, the company faced challenges in its commercial project execution. It mentioned that it would fix that problem in the fourth quarter. However, considering its struggle to turnaround, we are a bit skeptical about its ability to fix those challenges in 4Q. These challenges might linger a bit longer and negatively impact its results.
To read reasons behind this buy click here
Disclaimer : InvestorDestination.com is not operated by a broker, a dealer, or a registered investment advisor. Under no circumstances does any information posted on investordestination.com represent a recommendation to buy or sell a security. In no event shall investordestination.com be liable to any visitor or third party for any damages of any kind arising out of the use of any content published or available on investordestination.com, or relating to the use of, or inability to use, investordestination.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.