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SunPower (SPWR) stock jumped Wednesday after the No. 2 solar panel maker’s 2015 guidance and Q2 earnings beat some analyst expectations. Late Tuesday, SunPower said it expects non-GAAP revenue of $2.4 billion to $2.6 billion this year, which would be down 3.8% at the midpoint from 2014. S&P Capital, however, had forecast that SunPower’s revenue would fall 15% this year, before rising 33% in 2016. SunPower stock was up 11% in afternoon trading in Scalper1 News
Scalper1 News