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Why SunPower's Shares Fell 15.8% Friday

TheMotleyFool

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Shares of SunPower (NASDAQ: SPWR) slumped 15.8% in early trading Friday. The company, which makes and sells solar electric power products, closed on Thursday at $19.02, then opened Friday at $18.11, dropping to $15.94 in the morning, its 52-week low. The stock's 52-week high is $57.52, set last January. The stock is down more than 65% over the past year.

SunPower released preliminary fourth-quarter earnings after the market closed on Thursday and investors were underwhelmed.

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Source Fool.com

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