3 min read
0
Dow Jones, Nasdaq, S&P 500
Our daily stock market analysis and commentary deliver significant value in combination with the latest financial market news. SPWR says it plans to reduce its global workforce by ~25{bf6128eaee7daf804a40e739f155a69f2d5a72ca2bacccc9954495bcd60bdcac}, or 2,500 employees; cut 2017 operating expenses to less than $350M and capex by more than 50{bf6128eaee7daf804a40e739f155a69f2d5a72ca2bacccc9954495bcd60bdcac} to ~$100M; close its 700 MW nameplate capacity Fab 2 facility; and substantially decrease 2016 inventory to improve working capital and de-lever its balance sheet. Aside from the ebb and flow of supply and demand, stock news has some bearing in stock prices. As of Wed Dec 7, 2016 1:28 PM EST We choose…