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Actionable news in SPWR: SunPower Corporation,

20 Biggest Mid-Day Losers For Wednesday

  • SunPower Corporation SPWR 30.45% shares declined 30.2 percent to $10.32 after the company posted a loss for its second quarter and issued a weak revenue forecast. Management expected a workforce reduction of about 15 percent totaling about 1,200 employees in the future and restructuring charges totaling $30-$45 million.
  • Solaredge Technologies Inc SEDG 9.99% shares fell 11 percent to $16.56. The company’s Q4 earnings per share came in above Wall Street consensus expectations, however, shares fell due to the company's miss on sales estimates. Company management saw Q1 revenues to be between $130-$139 million vs. estimates of $139.43 and gross margins within 30-32 percent.

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