Why SunPower's Shares Plunged 35.6% in February
Shares of SunPower (NASDAQ: SPWR) fell 35.6% in February, according to data provided by S&P Global Market Intelligence, after the company reported earnings and solar energy stocks went through a general sell-off. Fourth-quarter results showed a 14.9% rise in revenue to $341.8 million and adjusted net income of $26.6 million, or $0.14 per share, which actually beat estimates from Wall Street. It didn't help SunPower, or solar stocks more broadly, that interest rates suddenly came into focus in February.
