Why SunPower Stock Climbed 8% Higher This Week
We might be in the depths of winter, but investors have been feeling warm and fuzzy about (NASDAQ: SPWR) stock these past few trading days. Data compiled by S&P Global Market Intelligence reveal the solar company's share price glowed more than 8% brighter over the course of this week. SunPower's latest financing news was a major reason for the uptick.
At the end of November, SunPower announced a delay in delivering its latest set of quarterly financials to the Securities and Exchange Commission (SEC). This constituted a breach of a loan covenant with one of the solar power company's subsidiaries; as per agreements the subsidiary had signed, this was to force an "immediate acceleration" of a chunk of its debt.
After market hours last Friday, SunPower disclosed that it had entered into a new amendment to the loan and security agreement it signed with its creditor. Under the terms of this amendment, SunPower's subsidiary will receive a temporary waiver until Jan. 19, 2024, of that default and any other defaults that might arise from the delay.
Source Fool.com
Sunpower Corp. Aktie
Die Sunpower Corp. Aktie steht nicht so gut da: Mehr Sell- als Buy-Einschätzungen in der Community.
Obwohl das Kursziel von 5 € über dem aktuellen Kurs von 0.04 € für Sunpower Corp. liegt, zeigt sich ein positives Potenzial von 14185.71%.
