SunPower The Latest Victim In Solar Stock Death Spiral

The hits just keep on coming for solar stocks, the latest being SunPower’s deeply disappointing guidance–the company now expects an operating loss of $175 million in 2016 and was predicting a $50 profit in May–given after 2Q earnings.  As the S&P 500, Dow Jones Industrials and Nasdaq Composite all posted record closes Thursday, it’s striking that the Guggenheim Solar ETF (TAN) has declined 30.1% thus far in 2016, and, even more tellingly, has fallen 62.0% since August 2011.

from Forbes – Tech http://ift.tt/2aQAqgi
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