SunPower Earnings Beat Forecasts. The Stock Shines.

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shares were surging early Tuesday after the solar panel manufacturer posted an earnings beat.

SunPower (ticker:


) reported second-quarter adjusted earnings of $5.2 million, or 3 cents a share, on $417.8 million in revenue. Analysts surveyed by FactSet were expecting earnings of 2 cents a share on revenue of $362.2 million.