Market Up, But SunPower Down
The only stock I track on my Yahoo! homepage that fell Thursday was SunPower, the San Jose solar cell and system builder.
According to a MarketWatch story, that’s because company execs at two events this week cast doubt on first-quarter revenue and earnings due to European and North American business, the troubled global economy and the weather.
The story quotes J.P. Morgan analyst, who said, “We are concerned that the company may need to raise additional funds within the next 12 months given its balance sheet position.”
Shares of SunPower closed at $23.10, down 3.95%.
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