SunPower (SPWR) Fades on Q2 Loss

SunPower Corporation (NASDAQ: SPWR) shares fell 30.7% to $10.25, after the company posted a loss for its second quarter and issued a weak revenue forecast. Management expected a workforce reduction of about 15% totaling about 1,200 employees in the future and restructuring charges totaling $30-$45 million. Share volume was 14.1 million, overwhelming an all-day average of two million