Should I buy or sell SunPower stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 6 sell ratings, 13 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SPWR shares. View SPWR analyst ratings or view top-rated stocks .

What is SunPower's stock price target for 2024?

22 Wall Street research analysts have issued 1-year target prices for SunPower's stock. Their SPWR share price targets range from $2.50 to $20.00. On average, they anticipate the company's stock price to reach $8.58 in the next twelve months. This suggests a possible upside of 100.4% from the stock's current price. View analysts price targets for SPWR or view top-rated stocks among Wall Street analysts .

How have SPWR shares performed in 2023?

SunPower's stock was trading at $18.03 at the beginning of the year. Since then, SPWR stock has decreased by 76.3% and is now trading at $4.28. View the best growth stocks for 2023 here .

When is SunPower's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our SPWR earnings forecast .

How were SunPower's earnings last quarter?

SunPower Co. (NASDAQ:SPWR) issued its quarterly earnings results on Wednesday, November, 1st. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.09. The semiconductor company earned $432 million during the quarter, compared to analysts' expectations of $429.64 million. SunPower had a negative trailing twelve-month return on equity of 11.52% and a negative net margin of 5.89%.

What ETFs hold SunPower's stock?

ETFs with the largest weight of SunPower (NASDAQ:SPWR) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) , SPDR S&P Kensho Clean Power ETF (CNRG) , Subversive Decarbonization ETF (DKRB) , Global X Clean Tech ETF (CTEC) , SoFi Smart Energy ETF (SHFT) , SoFi Smart Energy ETF (ENRG) , Invesco Solar ETF (TAN) and Parabla Innovation ETF (LZRD) .

What is Tom Werner's approval rating as SunPower's CEO?

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.

What other stocks do shareholders of SunPower own?

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) .

Who are SunPower's major shareholders?

SunPower's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (4.61%), Morgan Stanley (3.95%), Invesco Ltd. (2.70%), Northern Trust Corp (0.55%), Bank of New York Mellon Corp (0.42%) and Charles Schwab Investment Management Inc. (0.39%). Insiders that own company stock include Douglas J Richards, Kenneth Lawrence Mahaffey , Manavendra Sial , Peter Faricy, Thomas H Werner and Vichheka Heang . View institutional ownership trends .

How do I buy shares of SunPower?

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. Compare Top Brokerages Here .

SunPower Stock Price, News & Analysis (NASDAQ:SPWR)

$4.28

+0.22 (+5.42%)

(As of 11/29/2023 ET)

Compare

Today's Range: $4.16
▼
$4.40
50-Day Range: $3.79
▼
$6.62
52-Week Range: $3.68
▼
$24.97

Volume: 3.91 million shs
Average Volume: 5.09 million shs
Market Capitalization: $749.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.58

SunPower MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.86 Rating Score
Upside/Downside: 100.4% Upside
$8.58 Price Target
Short Interest: Healthy
34.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: +0.03
Upright™ Environmental Score
News Sentiment: 0.30
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.70) to ($0.43) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Oils/Energy Sector

100th out of 229 stocks

Semiconductors & Related Devices Industry

33rd out of 86 stocks

3.9

Analyst's Opinion

Consensus Rating
SunPower has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on 3 buy ratings, 13 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.58, SunPower has a forecasted upside of 100.4% from its current price of $4.28.
Amount of Analyst Coverage
SunPower has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
34.75% of the float of SunPower has been sold short.
Short Interest Ratio / Days to Cover
SunPower has a short interest ratio ("days to cover") of 6.1.
Change versus previous month
Short interest in SunPower has recently decreased by 5.90%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
SunPower does not currently pay a dividend.
Dividend Growth
SunPower does not have a long track record of dividend growth.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SunPower has received a 66.23% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Solar panels", "Installation services of solar panels", and "Construction of solar power plants" products. See details.
Environmental Sustainability
The Environmental Impact score for SunPower is 0.03.

1.8

News and Social Media Coverage

News Sentiment
SunPower has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for SunPower this week, compared to 5 articles on an average week.
Search Interest
Only 23 people have searched for SPWR on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added SunPower to their MarketBeat watchlist in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SunPower insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.33% of the stock of SunPower is held by insiders.
Percentage Held by Institutions
47.36% of the stock of SunPower is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SunPower are expected to grow in the coming year, from ($0.70) to ($0.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SunPower is -6.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SunPower is -6.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SunPower has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SunPower Stock (NASDAQ:SPWR)

SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, and mounting hardware that enable dealers and installers to complete system installations, as well as for end customers to manage their energy production. The company also provides post-installation monitoring and maintenance services. It serves residential customers, including individual homeowners and new home builders. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation operates as a subsidiary of TotalEnergies SE.

SPWR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SPWR Stock News Headlines

November 28, 2023 | benzinga.com

SunPower Stock (NASDAQ:SPWR) Insider Trades

November 28, 2023 | finance.yahoo.com

SPWR Dec 2023 7.000 put

November 30, 2023 | Autonomix (Ad)

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November 28, 2023 | finance.yahoo.com

Rise and Fall of SunPower: Can the Stock Recover?

November 28, 2023 | barrons.com

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in SunPower Corporation with Losses of $100,000 to Contact the Firm

November 27, 2023 | markets.businessinsider.com

INVESTOR REMINDER: Berger Montague Notifies SunPower Corporation (SPWR) Investors of a Class Action Lawsuit and Deadline

November 27, 2023 | seekingalpha.com

SunPower: Not Yet Done

November 27, 2023 | benzinga.com

SUNPOWER INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies SunPower Investors of a Class Action Lawsuit and Upcoming Deadline

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 22, 2023 | markets.businessinsider.com

IMPORTANT DEADLINE REMINDER: The Schall Law Firm Encourages Investors in SunPower Corporation with Losses of $100,000 to Contact the Firm

November 22, 2023 | americanbankingnews.com

SunPower (NASDAQ:SPWR) Coverage Initiated by Analysts at Mizuho

November 21, 2023 | msn.com

Mizuho Initiates Coverage of Sunpower (SPWR) with Neutral Recommendation

November 21, 2023 | barrons.com

SPWR Shareholder Alert: Bronstein, Gewirtz & Grossman LLC Reminds SunPower Corporation Investors with Substantial Losses to Contact the Firm!

November 21, 2023 | forbes.com

With Inflation Easing, Could SunPower And Solar Sector At Large See Better Times?

November 21, 2023 | realmoney.thestreet.com

SunPower initiated with a Neutral at Mizuho

November 20, 2023 | markets.businessinsider.com

ROSEN, A LEADING LAW FIRM, Encourages SunPower Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SPWR

November 17, 2023 | benzinga.com

Investors Sue SunPower Corporation (SPWR) for Fraudulent Accounting- Hagens Berman

November 16, 2023 | msn.com

Maxeon Solar (NASDAQ: MAXN) Widens Losses in Q3; Settles Dispute with SunPower

November 16, 2023 | businesswire.com

SPWR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that SunPower Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

November 16, 2023 | finance.yahoo.com

Why Maxeon Solar Technologies Stock Dropped Today

November 16, 2023 | markets.businessinsider.com

CLASS ACTION NOTICE: Berger Montague Advises SunPower Corporation (SPWR) Investors to Inquire About a Securities Fraud Class Action

November 16, 2023 | finance.yahoo.com

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Q3 2023 Earnings Call Transcript

November 16, 2023 | finance.yahoo.com

Four Solar Sector Stocks Set To Soar in 2024

November 16, 2023 | finance.yahoo.com

Q3 2023 Maxeon Solar Technologies Ltd Earnings Call

November 15, 2023 | finance.yahoo.com

Why SunPower Stock Burned So Brightly on Wednesday

November 15, 2023 | benzinga.com

SPWR STOCKHOLDERS: SunPower Investors with Significant Losses Should Contact Robbins LLP Regarding the SunPower Corporation Class Action

November 15, 2023 | barrons.com

SPWR Class Action Alert: Bronstein, Gewirtz & Grossman LLC Reminds SunPower Corporation Investors with Substantial Losses to Contact the Firm!

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Today: 11/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Oils/Energy
Current Symbol: NASDAQ:SPWR
Previous Symbol: NASDAQ:SPWRA
CUSIP: 86765240
CIK: 867773
Web: www.sunpowercorp.com
Phone: (408) 240-5500
Fax: 302-655-5049
Employees: 3,480
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.58
High Stock Price Target: $20.00
Low Stock Price Target: $2.50
Potential Upside/Downside: +100.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.86
Research Coverage: 22 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $56.04 million
Net Margins: -5.89%
Pretax Margin: -5.90%
Return on Equity: -11.52%
Return on Assets: -3.64%

Debt

Debt-to-Equity Ratio: 0.70
Current Ratio: 1.66
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $1.74 billion
Price / Sales: 0.43
Cash Flow: $0.40 per share
Price / Cash Flow: 10.58
Book Value: $2.47 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 175,190,000
Free Float: 174,614,000
Market Cap: $749.81 million
Optionable: Optionable
Beta: 1.93

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Mr. Peter T. Faricy (Age 57)
Chairman, President & CEO
Comp: $1.22M
Mr. Jason MacRae (Age 50)
Executive Vice President of Financial Products
Comp: $1.31M
Mr. Guthrie Dundas (Age 38)
VP of Finance & Treasurer
Comp: $435.93k
Ms. Elizabeth Eby (Age 59)
Principal Accounting Officer, Executive VP & CFO
Ms. Jennifer Johnston
Executive VP & COO
Mr. Josh Koppelman
Executive VP & CTO
Mr. Michael Weinstein
Vice President of Investor Relations
Ms. Eileen Evans
Executive VP, Chief Legal Officer & Corporate Secretary
Mr. Jim Dawe
Global Vice President of Sales & Marketing
Ms. Joanne Endow
Head of ESG

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPWR Stock Analysis - Frequently Asked Questions

Should I buy or sell SunPower stock right now?: 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 6 sell ratings, 13 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SPWR shares.
View SPWR analyst ratings or view top-rated stocks.
What is SunPower's stock price target for 2024?: 22 Wall Street research analysts have issued 1-year target prices for SunPower's stock. Their SPWR share price targets range from $2.50 to $20.00. On average, they anticipate the company's stock price to reach $8.58 in the next twelve months. This suggests a possible upside of 100.4% from the stock's current price.
View analysts price targets for SPWR or view top-rated stocks among Wall Street analysts.
How have SPWR shares performed in 2023?: SunPower's stock was trading at $18.03 at the beginning of the year. Since then, SPWR stock has decreased by 76.3% and is now trading at $4.28.
View the best growth stocks for 2023 here.
When is SunPower's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our SPWR earnings forecast.
How were SunPower's earnings last quarter?: SunPower Co. (NASDAQ:SPWR) issued its quarterly earnings results on Wednesday, November, 1st. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.09. The semiconductor company earned $432 million during the quarter, compared to analysts' expectations of $429.64 million. SunPower had a negative trailing twelve-month return on equity of 11.52% and a negative net margin of 5.89%.
What ETFs hold SunPower's stock?: ETFs with the largest weight of SunPower (NASDAQ:SPWR) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), Subversive Decarbonization ETF (DKRB), Global X Clean Tech ETF (CTEC), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Invesco Solar ETF (TAN) and Parabla Innovation ETF (LZRD).

What is Tom Werner's approval rating as SunPower's CEO?: 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.
What other stocks do shareholders of SunPower own?: 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).
Who are SunPower's major shareholders?: SunPower's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Schroder Investment Management Group (4.61%), Morgan Stanley (3.95%), Invesco Ltd. (2.70%), Northern Trust Corp (0.55%), Bank of New York Mellon Corp (0.42%) and Charles Schwab Investment Management Inc. (0.39%). Insiders that own company stock include Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, Peter Faricy, Thomas H Werner and Vichheka Heang.
View institutional ownership trends.
How do I buy shares of SunPower?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:SPWR) was last updated on 11/30/2023 by MarketBeat.com Staff

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SunPower Stock Price, News & Analysis (NASDAQ:SPWR)

SunPower MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About SunPower Stock (NASDAQ:SPWR)

SPWR Stock Price History

SPWR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SPWR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™