SunPower - SPWR Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 4 sell ratings, 10 hold ratings and 4 buy ratings 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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18 brokers have issued 12 month price objectives for SunPower's stock. Their SPWR share price forecasts range from $16.00 to $32.00. On average, they anticipate the company's share price to reach $21.79 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
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SunPower's stock was trading at $20.87 at the beginning of the year. Since then, SPWR stock has increased by 15.6% and is now trading at $24.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our SPWR earnings forecast.

SunPower Co. (NASDAQ:SPWR) announced its quarterly earnings data on Tuesday, August, 2nd. The semiconductor company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.02. The semiconductor company earned $417.80 million during the quarter, compared to analysts' expectations of $364.47 million. SunPower had a negative trailing twelve-month return on equity of 0.82% and a net margin of 4.21%. 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 firm earned $0.01 EPS.

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.60%), Credit Suisse AG (0.93%), Parallax Volatility Advisers L.P. (0.00%), Parallax Volatility Advisers L.P. (0.00%), First Trust Advisors LP (0.65%) and Bank of New York Mellon Corp (0.48%). Insiders that own company stock include Douglas J Richards, Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, 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 $24.13.

SunPower (NASDAQ:SPWR) has a market capitalization of $4.20 billion and generates $1.32 billion in revenue each year. The semiconductor company earns $-37,360,000.00 in net income (profit) each year or $0.33 on an earnings per share basis.

The company employs 3,660 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.