"We are reducing our 2023 guidance due to lower-than-expected consumer demand as well as delayed revenue recognition from longer cycle times," said Peter Faricy, SunPower CEO. " "There are also some early signs of recovery in September and October, and our battery and financial products customer attachment rates are at all-time highs," continued Faricy. Outlook: SunPower cut its FY23 adjusted EBITDA guidance to $(35) million - $(25) million ( prior $55 million – $75 million ) and 70,000 - 80,000 (prior 70,000–90,000) incremental customers. The FY23 consensus for revenue is $1.81 billion, and EPS loss is $(0.15). The stock has lost 75.1% YTD. Price action: SPWR shares traded lower by 9.37% at $3.87 on the last check Wednesday.