Why SunPower's Shares Fell 15.8% Friday

·2 min read
Why SunPower's Shares Fell 15.8% Friday

Shares of SunPower (NASDAQ: SPWR) slumped 15.8% in early trading Friday. SunPower released preliminary fourth-quarter earnings after the market closed on Thursday and investors were underwhelmed. One concern in the report was that SunPower was replacing third-party connectors in its light commercial value-added reseller and commercial and industrial solutions systems (CIS) because the company said it had found a cracking issue in the connectors.

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