Yahoo Finance's Josh Lipton and Julie Hyman break down what to watch on Wednesday, June 5. May's Purchasing Managers' Index and the ADP employment report are both slated to be released, providing key economic data. Lululemon (LULU), Dollar Tree (DLTR), and Campbell Soup (CPB) are some of the biggest names reporting earnings alongside Five Below (FIVE), Victoria's Secret (VSCO), and SunPower (SPWR). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Today, SunPower (NASDAQ:SPWR) announced it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding, LLC ("Sol Holding") that it announced in February 2024. Sol Holding, which is owned jointly by affiliates of TotalEnergies SE and Global Infrastructure Partners, is the majority owner of SunPower's common stock.
The latest trading day saw SunPower (SPWR) settling at $3.34, representing a -1.91% change from its previous close.