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Why SunPower Stock Slumped on Thursday

TheMotleyFool

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Whenever a company delays a regulatory filing, particularly one involving quarterly or annual financial updates, some investors fear the worst. After all, such filings are a normal and expected aspect of the life of publicly traded businesses.

This explains the nearly 2% sell-off in (NASDAQ: SPWR) shares on Thursday. The solar energy company admitted in a brief regulatory filing that it'll be late in filing its latest set of fundamentals.

Anyone hoping to learn in-depth how SunPower did in 2023 will have to wait longer than expected. The company said the submission of its 10-K annual report would be delayed an indefinite period of time.

Source Fool.com