SunPower - SPWR Stock Forecast, Price & News

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 4 sell ratings, 15 hold ratings and 5 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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24 equities research analysts have issued 12-month price objectives for SunPower's stock. Their SPWR share price forecasts range from $14.00 to $27.00. On average, they predict the company's share price to reach $19.85 in the next twelve months. This suggests a possible upside of 59.9% 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 stock has decreased by 31.2% and is now trading at $12.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SPWR earnings forecast.

SunPower Co. (NASDAQ:SPWR) released its earnings results on Tuesday, August, 2nd. The semiconductor company reported $0.03 earnings per share 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 analyst estimates of $364.47 million. SunPower had a net margin of 3.22% and a trailing twelve-month return on equity of 7.10%. SunPower's revenue for the quarter was up 60.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS.

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

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 Millennium Management LLC (2.70%), Geode Capital Management LLC (0.94%), Credit Suisse AG (0.73%), First Trust Advisors LP (0.63%), Parallax Volatility Advisers L.P. (0.00%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Douglas J Richards, Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, Peter Faricy, SA Total, 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 $12.41.

SunPower (NASDAQ:SPWR) has a market capitalization of $2.17 billion and generates $1.74 billion in revenue each year. The semiconductor company earns $56.04 million in net income (profit) each year or $0.26 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.