SPWR Stock Dims On Unexpectedly Steep Losses

Early Wednesday, SunPower (SPWR) reported a per-share loss of 7 cents and $440.9 million in first-quarter sales. In response, SPWR stock fell.

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Analysts polled by FactSet expected the solar company to lose 1 cent per share on $419 million in sales.

During the year-ago period, SunPower earned an adjusted 2 cents a share on $350.3 million in sales.

In premarket trading on the stock market today, SPWR stock dropped 2.9% near 12.20. Shares have mostly trended down since early December and are now below both their 50-day and 200-day moving averages, MarketSmith.com shows.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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