NEW YORK (TheStreet) -- SunPower (SPWR) shares are down 5.6% to $27.51 in early market trading on Thursday after the company issued full year 2015 fiscal guidance that fell short of analysts' expectations for the period.
SunPower released a note today saying that it expects to see non-GAAP revenue between $2.4 billion and $2.6 billion for the year, with a net income between $1.10 and $1.50, and a gross margin between 21% and 23%.
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Analysts are expecting the company to generate $2.8 billion in revenue during the year and earn $1.69 per diluted share during the period.
The company also said that the guidance it released today does not include any potential financial impact if the company decides to pursue the formation of a separately traded Yieldco vehicle, a move that is currently under review by the company.
TheStreet Ratings team rates SUNPOWER CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUNPOWER CORP (SPWR) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins."