solar microcap stocks
SunPower Raises $26.2 Million, Issuing 103 Million New Share
A public company CEO drove to Sand Hill Road to pitch his own stock like a venture capital round, complete with a slide showing four different ways to calculate an 11-times return. SunPower’s T.J. Rodgers did exactly that in early September, and investors wrote checks for $26.2 million. The math behind that pitch uses a…
SunPower’s Q2 Revenue Falls 23% on Self-Imposed Quality Holds
SunPower held back $15.3 million of already-signed, already-financed jobs from its own second quarter, on purpose, over blurry photos and missing utility bills. The company reported the results anyway on July 28. Revenue came in at $56.0 million, down 23% from the prior quarter, and the stock kept sliding toward $0.31, a level that makes…
SunPower Faces Nasdaq Deficiency as It Issues 17.9M Settlement Shares
A stock has to close below a dollar for 30 straight trading days before Nasdaq sends the letter. SunPower crossed that line on July 21. Four days later the company was still issuing millions of new shares to settle old contracts, completing a solar project, and preparing to report earnings, all inside the same stretch.…
