SunPower Shares Pop As It Sets To Join S&P MidCap 400

SunPower Shares Pop As It Sets To Join S&P MidCap 400
  • SunPower Corp SPWR will replace Cimarex Energy Co XEC in the S&P MidCap 400 effective before the opening of trading on October 5. 
  • SunPower is a vertically integrated solar module manufacturer and systems installer. Its Q2 revenue of $308.9 million missed the consensus of $327.3 million. The Q2 EPS of $0.06 beat the consensus of $0.04.
  • S&P 500 constituent Cabot Oil & Gas Corp COG is acquiring Cimarex Energy in a deal likely to close on October 1. 
  • Price Action: SPWR shares traded higher by 8.95% at $24.71 in the premarket session on the last check Friday.

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