What happened Shares of SunPower Corporation (NASDAQ: SPWR) fell as much as 10.7% Thursday after the company hosted an analyst day and provided updated full-year guidance. The stock closed the day down 9.1%. So what Management announced that fiscal 2020 revenue is expected to be $1.06 billion to $1.10 billion, and net income will likely be $30 million to $40 million. Adjusted EBITDA is expected to be $20 million to $30 million, with megawatts (MW) recognized of 465 MW to 510 MW. Image source: Getty Images. This is the first time we've gotten full-year guidance from SunPower after the spin-off of Maxeon Solar Technologies. Investors may have been disappointed that the year won't be terribly profitable, but management expects to improve its balance sheet and operations in the future. In 2021, net recourse debt is expected to be under $100 million, and net cash positive in 2022. And margins are expected to increase, which could drive better profitability next year. Now what Investors haven't really known what to expect from SunPower post-spin-off, so the next few quarters will give a much better indication of how the new company will perform. Investors should keep an eye on the balance sheet, but also worry about how margins are trending next year. If SunPower can lower costs and increase margins, it could be a great solar energy stock. If it can't, it'll be stuck in the rut we've seen shares in for most of the last half-decade. 10 stocks we like better than SunPowerWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and SunPower wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Travis Hoium owns shares of SunPower. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source