SunPower Corp. (SPWR)

April 18, 2023

Surging U.S. Risk-Free Interest Rates + Weak CA Installs in Jan./Feb. + New PG&E Rate Reform Proposal = Tough Times Ahead for SunPower

By Gordon L. Johnson II

We Expect Stronger Headwinds for SunPower in 1H23E vs. Cons. Expectations; 2H23E Could Also be Plagued with Economic Hardships as a Solar Price War Erupts. On 2/16/23, when SPWR provided 2023E guidance for: (a) 90K-110K…