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SunPower Clips Fourth-Quarter Outlook

Stock quotes in this article: SPWRA  

SunPower(SPWRA Quote) said the strengthening of the U.S. dollar vs. the euro is expected to reduce fourth-quarter and fiscal 2009 earnings growth.

The company, a maker of solar cells and panels, said because of changes to its global tax planning it has greater exposure to changes in the value of the euro.

SunPower said the foreign exchange impact on fourth-quarter revenue would be about $17 million, and 15 cents a share to non-GAAP earnings. ...

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