SunPower (SPWR) Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 2 sell ratings, 17 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SPWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPWR, but not buy additional shares or sell existing shares.
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23 brokerages have issued 1-year target prices for SunPower's stock. Their SPWR share price forecasts range from $12.00 to $27.00. On average, they predict the company's share price to reach $17.82 in the next year. This suggests a possible upside of 59.4% from the stock's current price.
View analysts price targets for SPWR or view top-rated stocks among Wall Street analysts.

SunPower's stock was trading at $18.03 at the beginning of 2023. Since then, SPWR shares have decreased by 38.0% and is now trading at $11.18.
View the best growth stocks for 2023 here.

SunPower saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,400,000 shares, an increase of 17.1% from the April 30th total of 11,440,000 shares. Based on an average trading volume of 4,690,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 15.6% of the shares of the stock are sold short.
View SunPower's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SPWR earnings forecast.

SunPower Co. (NASDAQ:SPWR) posted its quarterly earnings results on Tuesday, August, 2nd. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. The semiconductor company had revenue of $417.80 million for the quarter, compared to analysts' expectations of $364.47 million. SunPower had a net margin of 1.81% and a trailing twelve-month return on equity of 3.12%. The company's revenue was up 60.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

ETFs with the largest weight of SunPower (NASDAQ:SPWR) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Solar ETF (TAN), Global X CleanTech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG), Invesco WilderHill Clean Energy ETF (PBW), AXS Green Alpha ETF (NXTE), ALPS Clean Energy ETF (ACES) and AdvisorShares Gerber Kawasaki ETF (GK).

197 employees have rated SunPower Chief Executive Officer Tom Werner on Glassdoor.com. Tom Werner has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SunPower investors own include Tesla (TSLA), Advanced Micro Devices (AMD), First Solar (FSLR), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), Intel (INTC), Cisco Systems (CSCO), QUALCOMM (QCOM) and Walt Disney (DIS).

SunPower trades on the NASDAQ under the ticker symbol "SPWR."

SunPower's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.91%), State Street Corp (1.96%), Geode Capital Management LLC (0.98%), First Trust Advisors LP (0.60%), Bank of New York Mellon Corp (0.48%) and DekaBank Deutsche Girozentrale (0.47%). Insiders that own company stock include Douglas J Richards, Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, Peter Faricy, Thomas H Werner and Vichheka Heang.
View institutional ownership trends.

Shares of SPWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPWR stock can currently be purchased for approximately $11.18.

SunPower (NASDAQ:SPWR) has a market capitalization of $1.96 billion and generates $1.74 billion in revenue each year. The semiconductor company earns $56.04 million in net income (profit) each year or $0.13 on an earnings per share basis.

The company employs 3,480 workers across the globe.

SunPower's mailing address is 51 RIO ROBLES, SAN JOSE CA, 95134. The official website for the company is www.sunpowercorp.com. The semiconductor company can be reached via phone at (408) 240-5500, via email at bob.okunski@sunpower.com, or via fax at 302-655-5049.