Why SunPower Stock Climbed 8% Higher This Week
From Nasdaq:
SunPower (NASDAQ: SPWR) stock had an 8% increase in price over the past week thanks to a new financing deal. The company was able to get a waiver from a loan creditor for a technical default, stalling off a threat of an end-of-the-year financial default. SunPower also filed its overdue quarterly financial reports with the SEC on December 18, regaining compliance with the regulator. The company will continue to accrue debt, though, despite this temporary saving grace. The Motley Fool has not identified SunPower as one of the top 10 stocks for investors to buy right now.
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