NASDAQ:SPWRSunPower Stock Price, Forecast & News

SunPower's stock was trading at $6.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SPWR shares have increased by 65.0% and is now trading at $10.26. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for SunPower.

SunPower is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for SunPower.

SunPower Co. (NASDAQ:SPWR) released its earnings results on Thursday, May, 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.16. The semiconductor company earned $449.20 million during the quarter, compared to analyst estimates of $401.92 million. The firm's revenue was up 29.1% compared to the same quarter last year. During the same period last year, the business posted ($0.41) earnings per share. View SunPower's earnings history.

SunPower issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, June, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $290-330 million, compared to the consensus revenue estimate of $311.39 million.

11 equities research analysts have issued twelve-month target prices for SunPower's shares. Their forecasts range from $4.80 to $14.00. On average, they expect SunPower's stock price to reach $8.85 in the next year. This suggests that the stock has a possible downside of 13.7%. View analysts' price targets for SunPower.

Headlines about SPWR stock have been trending positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SunPower earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news about SunPower.

Some companies that are related to SunPower include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Inphi (IPHI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other SunPower investors own include Tesla (TSLA), First Solar (FSLR), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Intel (INTC) and General Electric (GE).

SunPower trades on the NASDAQ under the ticker symbol "SPWR."

SunPower's stock is owned by many different institutional and retail investors. Top institutional investors include Northside Capital Management LLC (0.01%). Company insiders that own SunPower stock include Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, Patrick Wood III, SA Total, Thomas H Werner, Vidul Prakash and William P Mulligan III. View institutional ownership trends for SunPower.

SPWR stock was acquired by a variety of institutional investors in the last quarter, including Northside Capital Management LLC. View insider buying and selling activity for SunPower.

Shares of SPWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPWR stock can currently be purchased for approximately $10.26.

SunPower has a market capitalization of $1.74 billion and generates $1.86 billion in revenue each year. The semiconductor company earns $22.16 million in net income (profit) each year or ($0.47) on an earnings per share basis. SunPower employs 8,400 workers across the globe.

The official website for SunPower is www.sunpowercorp.com.

SunPower's mailing address is 51 RIO ROBLES, SAN JOSE CA, 95134. The semiconductor company can be reached via phone at 408-240-5500.