Bloomberg News

SunPower Restructuring Cost May More Than Double to $40 Million

January 11, 2013

SunPower Corp. (SPWR:US), the solar manufacturer that’s majority-owned by Total SA (FP), expects to record a charge of $33 million to $40 million for a restructuring announced in October.

The “majority” of the charge will be recorded in the fourth quarter, San Jose, California-based SunPower said in a filing today. The company had earlier said it would take a charge of $10 million to $17 million for the restructuring program.

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net


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Companies Mentioned

  • SPWR
    (SunPower Corp)
    • $25.69 USD
    • 1.22
    • 4.75%
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