SunPower (SPWR) Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 3 sell ratings, 15 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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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22 brokerages have issued twelve-month price objectives for SunPower's stock. Their SPWR share price forecasts range from $7.00 to $27.00. On average, they expect the company's share price to reach $14.05 in the next twelve months. This suggests a possible upside of 120.6% from the stock's current price.
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SunPower's stock was trading at $18.03 at the beginning of the year. Since then, SPWR shares have decreased by 64.7% and is now trading at $6.37.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SPWR earnings forecast.

SunPower will be holding an earnings conference call on Wednesday, November 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

SunPower Co. (NASDAQ:SPWR) released its quarterly earnings data on Tuesday, August, 1st. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.11. The semiconductor company had revenue of $463.85 million for the quarter, compared to the consensus estimate of $462.85 million. SunPower had a net margin of 3.37% and a negative trailing twelve-month return on equity of 2.67%.

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).

SunPower updated its second quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $464.00 million-$464.00 million, compared to the consensus revenue estimate of $483.76 million.

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.06%), Schroder Investment Management Group (3.89%), State Street Corp (2.19%), Geode Capital Management LLC (1.03%), Goldman Sachs Group Inc. (0.00%) and Northern Trust Corp (0.55%). 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.
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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 $6.37.

SunPower (NASDAQ:SPWR) has a market capitalization of $1.12 billion and generates $1.74 billion in revenue each year. The semiconductor company earns $56.04 million in net income (profit) each year or $0.30 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.