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SunPower Shares Hit 52-Week Low After Revenue Update

SunPower shares fell to an intraday low of 13 cents after the company forecast third-quarter revenue below its July guidance and said it would delay filing its 10-Q. The stock recently traded at 16 cents, down 23% on the day and about 90% so far this year.

SunPower Shares Hit 52-Week Low After Revenue Update

SunPower expects third-quarter revenue of $65.1 million, compared with $64.5 million a year earlier, and a comprehensive loss, net of tax, of $21.5 million. Its July forecast called for revenue of more than $75 million. The company said it expects to file the 10-Q within the five-day grace period.

In July, SunPower said problems at SunPower Direct had weighed on second-quarter results and that management changes were expected to support third-quarter performance.

The company now using the SunPower name has a different corporate history from the SunPower Inc. that filed for bankruptcy in 2024 and sold certain assets to Complete Solaria. Complete Solaria rebranded as SunPower in 2025. In early October, the company said it had broken ground on a solar power system for a new artificial-intelligence data center in Nevada.

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