SunPower Shares Sink

Moresco, Justin
January 2008
Red Herring;1/24/2008, p1
Trade Publication
The article reveals the decline in the stocks of San Jose, California-based SunPower after it posted a decline in fourth-quarter earnings. The firm blamed rising business costs and the need to fulfill earlier contractual obligations. It noted that its profits for the fourth quarter of 2008 were down 57 percent to $4.88 million. It expects revenue and earnings to grow in 2008, to $1.3 billion and $1.27 per share.


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