SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company's segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation. The Company offers solar module technology and solar power systems that are designed to generate electricity over a system life over 25 years; Integrated Smart Energy software solutions that enable customers to manage and optimize the cooperation center of excellence (CCOE) measurement; Installation, construction, and ongoing maintenance and monitoring services; and financing solutions that provide customers a range of options for purchasing or leasing solar products at competitive energy rates. The Company offers a set of residential solutions that deliver value to homeowners and its dealer partners.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Photovoltaic Solar Systems & Equipment
- Sub-Industry: Semiconductors
- Symbol: NASDAQ:SPWR
- CUSIP: 86765240
- Web: www.sunpowercorp.com
- Market Cap: $1.02805 billion
- Outstanding Shares: 139,491,000
- 50 Day Moving Avg: $9.09
- 200 Day Moving Avg: $8.18
- 52 Week Range: $5.84 - $11.70
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -29.38
- P/E Growth: 0.02
- Annual Revenue: $2.49 billion
- Price / Sales: 0.43
- Book Value: $5.35 per share
- Price / Book: 1.43
- EBIDTA: ($24,890,000.00)
- Net Margins: -21.84%
- Return on Equity: -12.56%
- Return on Assets: -2.88%
- Debt-to-Equity Ratio: 1.58%
- Current Ratio: 1.45%
- Quick Ratio: 1.06%
- Average Volume: 3.36 million shs.
- Beta: 3.13
- Short Ratio: 4.11
Frequently Asked Questions for SunPower Corporation (NASDAQ:SPWR)
What is SunPower Corporation's stock symbol?
SunPower Corporation trades on the NASDAQ under the ticker symbol "SPWR."
How were SunPower Corporation's earnings last quarter?
SunPower Corporation (NASDAQ:SPWR) announced its quarterly earnings data on Tuesday, August, 1st. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.24. The business earned $341.50 million during the quarter, compared to analysts' expectations of $312.58 million. SunPower Corporation had a negative return on equity of 12.56% and a negative net margin of 21.84%. The business's quarterly revenue was down 15.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. View SunPower Corporation's Earnings History.
When will SunPower Corporation make its next earnings announcement?
Where is SunPower Corporation's stock going? Where will SunPower Corporation's stock price be in 2017?
14 brokerages have issued 12-month price objectives for SunPower Corporation's stock. Their predictions range from $7.00 to $13.00. On average, they expect SunPower Corporation's share price to reach $9.38 in the next twelve months. View Analyst Ratings for SunPower Corporation.
What are analysts saying about SunPower Corporation stock?
Here are some recent quotes from research analysts about SunPower Corporation stock:
- 1. According to Zacks Investment Research, "SunPower’s second-quarter 2017 loss was narrower than the Zacks Consensus Estimate. Revenues declined year over year but surpassed the consensus mark. The company also narrowed its revenue guidance for 2017. On a brighter note, SunPower is gradually shifting its revenue base from solar panel sales to the development of solar projects, power plants and engineering, procurement and construction (EPC) systems. Meanwhile, it remains committed to provide high-performance solar power products to its customers. In the overseas, the company has plans to build six projects in many regions in Mexico with expected delivery dates of 2018 and 2019, and gross margin above 20%. However, rising cost is a major headwind for SunPower, given the constant need to come up with new and innovative technology. Notably, the company lost more than the broader industry’s loss during the last one year." (8/7/2017)
- 2. Mizuho analysts commented, "We are adjusting our financial outlook and revising our price target to $8 per share. The downturn in the industry and limited visibility into the future leads to our reductions. SPWR's CEO believes the industry will recover in 2H17, but much of that may be in the hands of Congress as it contemplates tax reform (including renewables incentives)." (1/30/2017)
Are investors shorting SunPower Corporation?
SunPower Corporation saw a decline in short interest in August. As of August 31st, there was short interest totalling 13,412,726 shares, a decline of 12.2% from the August 15th total of 15,269,806 shares. Based on an average daily trading volume, of 1,876,144 shares, the short-interest ratio is presently 7.1 days. Currently, 22.7% of the company's stock are sold short.
Who are some of SunPower Corporation's key competitors?
Some companies that are related to SunPower Corporation include Viper Energy Partners LP (VNOM), QEP Resources (QEP), McDermott International (MDR), C&J Energy Services (CJ), Whiting Petroleum Corporation (WLL), SM Energy Company (SM), Diamond Offshore Drilling (DO), Arch Coal, Inc. Class A (ARCH), Crestwood Equity Partners LP (CEQP), Frank's International N.V. (FI), Superior Energy Services (SPN), Dril-Quip (DRQ), Alliance Holdings GP, L.P. (AHGP), Ensco Plc (ESV), Golar LNG Partners LP (GMLP), Rice Midstream Partners LP (RMP), Summit Midstream Partners, LP (SMLP) and Tullow Oil PLC (TUWOY).
Who are SunPower Corporation's key executives?
SunPower Corporation's management team includes the folowing people:
- Thomas H. Werner, Chairman of the Board, President, Chief Executive Officer
- Charles D. Boynton, Chief Financial Officer, Executive Vice President, Principal Accounting Officer
- Kenneth J. Mahaffey, Executive Vice President, General Counsel, Corporate Secretary
- Bill Mulligan, Executive Vice President - Global Operations
- Douglas J. Richards, Executive Vice President - Administration
- Patrick H. Wood III, Lead Independent Director
- Helle Kristoffersen, Director
- Ladislas Paszkiewicz, Director
- Julien Bernard Pouget, Director
- Laurent Rene Wolffsheim, Director
Who owns SunPower Corporation stock?
SunPower Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.53%), State Street Corp (1.74%), Dimensional Fund Advisors LP (1.00%), Northern Trust Corp (0.61%), California Public Employees Retirement System (0.59%) and Rock Point Advisors LLC (0.36%). Company insiders that own SunPower Corporation stock include Charles D Boynton, Douglas J Richards, Eric Branderiz, Howard Wenger, Lisa Marie Bodensteiner and Thomas H Werner. View Institutional Ownership Trends for SunPower Corporation.
Who sold SunPower Corporation stock? Who is selling SunPower Corporation stock?
SunPower Corporation's stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, DnB Asset Management AS, SG Americas Securities LLC, TIAA CREF Investment Management LLC, Virtu KCG Holdings LLC, New York State Common Retirement Fund, Fox Run Management L.L.C. and Rock Point Advisors LLC. View Insider Buying and Selling for SunPower Corporation.
Who bought SunPower Corporation stock? Who is buying SunPower Corporation stock?
SunPower Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Northern Trust Corp, GAM Holding AG, Delta Lloyd Asset Management N.V., State Street Corp, Balyasny Asset Management LLC, Shelter Mutual Insurance Co and California Public Employees Retirement System. View Insider Buying and Selling for SunPower Corporation.
How do I buy SunPower Corporation stock?
Shares of SunPower Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SunPower Corporation's stock price today?
MarketBeat Community Rating for SunPower Corporation (NASDAQ SPWR)MarketBeat's community ratings are surveys of what our community members think about SunPower Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of SunPower Corporation stock can currently be purchased for approximately $7.64.
Consensus Ratings for SunPower Corporation (NASDAQ:SPWR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||11 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.21)|
|Consensus Price Target: ||$9.38 (22.82% upside)|
Analysts' Ratings History for SunPower Corporation (NASDAQ:SPWR)
(Data available from 9/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/17/2017||Cowen and Company||Reiterated Rating||Buy||$12.00||Low|
|9/8/2017||Macquarie||Downgrade||Outperform -> Neutral||High|
|9/1/2017||Robert W. Baird||Reiterated Rating||Hold||$7.00||Medium|
|8/2/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$10.00 -> $13.00||High|
|8/2/2017||Deutsche Bank AG||Boost Price Target||Hold||$6.00 -> $9.00||Low|
|7/22/2017||Axiom Securities||Reiterated Rating||Buy||Medium|
|2/16/2017||Credit Suisse Group||Reiterated Rating||Neutral||$9.00 -> $8.00||N/A|
|2/10/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||N/A|
|1/30/2017||Mizuho||Reiterated Rating||Neutral||$25.00 -> $8.00||N/A|
|12/6/2016||Guggenheim||Downgrade||Buy -> Neutral||$7.15 -> $7.22||N/A|
|11/10/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||$11.00||N/A|
|11/10/2016||Barclays PLC||Reiterated Rating||Equal Weight||N/A|
|11/9/2016||Bank of America Corporation||Downgrade||Buy -> Neutral||$20.00 -> $10.00||N/A|
|9/30/2016||Williams Capital||Initiated Coverage||Hold||$9.00||N/A|
|9/8/2016||JMP Securities||Initiated Coverage||Underperform||$6.00||N/A|
|8/12/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$27.00 -> $12.00||N/A|
|8/10/2016||Avondale Partners||Downgrade||Outperform -> Market Perform||N/A|
|8/10/2016||Citigroup Inc.||Downgrade||Outperform -> Market Perform||N/A|
|8/10/2016||Janney Montgomery Scott||Downgrade||Buy -> Neutral||N/A|
|6/1/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|2/26/2016||Northland Securities||Initiated Coverage||Outperform||$37.00||N/A|
|1/5/2016||Raymond James Financial, Inc.||Boost Price Target||$32.00 -> $35.00||N/A|
|12/17/2015||S&P Equity Research||Upgrade||Buy -> Strong-Buy||N/A|
|10/29/2015||Royal Bank Of Canada||Lower Price Target||Outperform||$37.00 -> $32.00||N/A|
Earnings History for SunPower Corporation (NASDAQ:SPWR)Earnings History by Quarter for SunPower Corporation (NASDAQ SPWR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||($0.63)||($0.39)||$312.58 million||$341.50 million||View||Listen|
|5/9/2017||Q1 2017||($0.49)||($0.36)||$388.07 million||$429.50 million||View||Listen|
|2/15/2017||Q416||($0.45)||($0.64)||$1.06 billion||$1.10 billion||View||Listen|
|11/9/2016||Q316||$0.38||$0.68||$777.94 million||$729.30 million||View||Listen|
|8/9/2016||Q216||($0.24)||($0.22)||$344.97 million||$420.50 million||View||N/A|
|5/5/2016||Q1||($0.20)||($0.30)||$328.53 million||$433.60 million||View||N/A|
|2/17/2016||Q415||$1.53||$1.73||$1.27 billion||$1.36 billion||View||Listen|
|10/28/2015||Q315||($0.02)||$0.13||$428.85 million||$441.40 million||View||Listen|
|7/28/2015||Q215||$0.17||$0.18||$513.07 million||$376.70 million||View||Listen|
|4/30/2015||Q115||$0.09||$0.13||$415.50 million||$430.60 million||View||Listen|
|2/24/2015||Q414||$0.24||$0.26||$606.83 million||$609.70 million||View||Listen|
|10/29/2014||Q314||$0.24||$0.30||$628.70 million||$662.70 million||View||Listen|
|7/31/2014||Q214||$0.26||$0.28||$623.54 million||$621.10 million||View||N/A|
|4/24/2014||Q114||$0.32||$0.49||$669.37 million||$683.70 million||View||N/A|
|2/11/2014||Q413||$0.28||$0.47||$707.93 million||$758.00 million||View||N/A|
|10/30/2013||Q313||$0.25||$0.44||$583.24 million||$657.00 million||View||N/A|
|7/31/2013||Q2 2013||$0.11||$0.48||$576.99 million||$576.50 million||View||N/A|
|5/2/2013||Q1 2013||$0.08||($0.46)||$507.73 million||$635.40 million||View||N/A|
|2/7/2013||Q4 2012||$0.15||$0.18||$769.18 million||$784.60 million||View||N/A|
Earnings Estimates for SunPower Corporation (NASDAQ:SPWR)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for SunPower Corporation (NASDAQ:SPWR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for SunPower Corporation (NASDAQ:SPWR)
Insider Ownership Percentage: 0.92%Insider Trades by Quarter for SunPower Corporation (NASDAQ:SPWR)
Institutional Ownership Percentage: 28.82%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/12/2016||Howard Wenger||Insider||Buy||10,000||$7.74||$77,400.00|| |
|3/18/2016||Eric Branderiz||SVP||Sell||6,365||$25.00||$159,125.00|| |
|3/10/2016||Charles D Boynton||CFO||Sell||42,373||$22.74||$963,562.02|| |
|3/10/2016||Douglas J Richards||EVP||Sell||47,348||$22.73||$1,076,220.04|| |
|3/10/2016||Thomas H Werner||CEO||Sell||10,000||$22.70||$227,000.00|| |
|3/8/2016||Lisa Marie Bodensteiner||EVP||Sell||11,000||$22.91||$252,010.00|| |
|2/23/2016||Lisa Marie Bodensteiner||EVP||Sell||11,079||$20.99||$232,548.21|| |
|9/11/2015||Patrick Wood III||Director||Sell||30,000||$22.97||$689,100.00|| |
|9/10/2015||Lisa Marie Bodensteiner||EVP||Sell||4,800||$23.74||$113,952.00|| |
|8/28/2015||Eric Branderiz||SVP||Sell||2,369||$25.00||$59,225.00|| |
|8/12/2015||Lisa Marie Bodensteiner||EVP||Sell||13,400||$24.20||$324,280.00|| |
|6/10/2015||Lisa Marie Bodensteiner||EVP||Sell||6,700||$30.92||$207,164.00|| |
|5/19/2015||Eric Branderiz||SVP||Sell||3,121||$32.24||$100,621.04|| |
|12/2/2014||Thomas H Werner||CEO||Sell||25,000||$25.85||$646,250.00|| |
|10/10/2014||Marty T Neese||COO||Sell||223,663||$29.07||$6,501,883.41|| |
|10/9/2014||Marty T Neese||COO||Sell||64,311||$29.76||$1,913,895.36|| |
|10/8/2014||Marty T Neese||COO||Sell||37,016||$30.43||$1,126,396.88|| |
|10/7/2014||Howard Wenger||Insider||Sell||22,000||$32.06||$705,320.00|| |
|9/17/2014||Eric Branderiz||SVP||Sell||1,594||$37.27||$59,408.38|| |
|9/15/2014||Charles D Boynton||CFO||Sell||8,358||$37.54||$313,759.32|| |
|8/19/2014||Eric Branderiz||SVP||Sell||2,072||$36.85||$76,353.20|| |
|8/11/2014||Douglas J Richards||EVP||Sell||9,465||$34.87||$330,044.55|| |
|7/15/2014||Charles D Boynton||CFO||Sell||24,238||$38.87||$942,131.06|| |
|6/17/2014||Douglas J Richards||EVP||Sell||5,200||$40.00||$208,000.00|| |
|6/17/2014||Thomas H Werner||CEO||Sell||26,704||$40.00||$1,068,160.00|| |
|6/5/2014||Douglas J Richards||EVP||Sell||5,308||$33.83||$179,569.64|| |
|6/3/2014||Eric Branderiz||SVP||Sell||4,115||$32.28||$132,832.20|| |
|6/3/2014||Thomas H Werner||CEO||Sell||25,000||$31.94||$798,500.00|| |
|6/2/2014||Thomas H Werner||CEO||Sell||25,000||$32.70||$817,500.00|| |
|5/19/2014||Eric Branderiz||SVP||Sell||3,120||$31.37||$97,874.40|| |
|5/16/2014||Marty Neese||COO||Sell||11,815||$30.98||$366,028.70|| |
|5/15/2014||Catherine Lesjak||Director||Sell||2,198||$32.73||$71,940.54|| |
|3/17/2014||Charles Boynton||CFO||Sell||16,065||$32.17||$516,811.05|| |
|2/18/2014||Catherine Lesjak||Director||Sell||9,130||$33.86||$309,141.80|| |
|2/12/2014||Howard Wenger||Insider||Sell||8,500||$31.26||$265,710.00|| |
|1/17/2014||Charles Boynton||CFO||Sell||13,575||$35.30||$479,197.50|| |
|1/15/2014||Howard Wenger||Insider||Sell||8,500||$32.11||$272,935.00|| |
|12/18/2013||Howard Wenger||Insider||Sell||8,500||$28.85||$245,225.00|| |
|10/28/2013||Howard Wenger||Insider||Sell||54,810||$32.24||$1,767,074.40|| |
|9/17/2013||Eric Branderiz||SVP||Sell||2,080||$24.34||$50,627.20|| |
|9/5/2013||Eric Branderiz||SVP||Sell||4,162||$22.40||$93,228.80|| |
|8/29/2013||Lisa Marie Bodensteiner||EVP||Sell||8,000||$21.60||$172,800.00|| |
|8/19/2013||Eric Branderiz||SVP||Sell||2,704||$21.50||$58,136.00|| |
|8/15/2013||Charles Boynton||CFO||Sell||5,000||$21.38||$106,900.00|| |
|7/1/2013||Thomas H Werner||CEO||Sell||100,000||$21.43||$2,143,000.00|| |
|6/4/2013||Eric Branderiz||SVP||Sell||4,161||$18.92||$78,726.12|| |
|6/3/2013||Douglas J Richards||EVP||Sell||31,930||$18.61||$594,217.30|| |
|5/31/2013||Douglas J Richards||EVP||Sell||5,108||$20.24||$103,385.92|| |
|5/24/2013||Douglas J Richards||EVP||Sell||4,782||$19.28||$92,196.96|| |
|5/17/2013||Charles D Boynton||CFO||Sell||9,926||$20.17||$200,207.42|| |
|5/17/2013||Douglas J Richards||EVP||Sell||2,218||$20.17||$44,737.06|| |
|5/16/2013||Thomas H Werner||CEO||Sell||100,000||$20.62||$2,062,000.00|| |
|5/13/2013||Eric Branderiz||SVP||Sell||2,165||$19.00||$41,135.00|| |
|5/10/2013||Douglas J Richards||EVP||Sell||13,003||$17.40||$226,252.20|| |
|9/4/2012||Douglas J Richards||EVP||Sell||7,035||$4.43||$31,165.05|| |
Headline Trends for SunPower Corporation (NASDAQ:SPWR)
Latest Headlines for SunPower Corporation (NASDAQ:SPWR)
SunPower Corporation (SPWR) Chart for Saturday, September, 23, 2017