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NASDAQ:SPWR

SunPower - SPWR Stock Forecast, Price & News

$25.81
+0.42 (+1.65%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$25.66
$26.67
50-Day Range
$15.14
$26.62
52-Week Range
$12.78
$34.61
Volume
2.53 million shs
Average Volume
3.39 million shs
Market Capitalization
$4.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.63

SunPower MarketRank™ Forecast

Analyst Rating
Hold
1.93 Rating Score
Upside/​Downside
14.0% Downside
$22.19 Price Target
Short Interest
Healthy
16.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.09
Upright™ Environmental Score
News Sentiment
0.21mentions of SunPower in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.63 M Sold Last Quarter
Proj. Earnings Growth
187.50%
From $0.16 to $0.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Oils/Energy Sector

158th out of 254 stocks

Semiconductors & Related Devices Industry

63rd out of 97 stocks

SPWR stock logo

About SunPower (NASDAQ:SPWR) Stock

SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network and resellers, as well as in-house sales team; and turn-key engineering, procurement, and construction services and sale of energy under power purchase agreements. It also offers commercial roof, carport, and ground mounted systems; and post-installation monitoring and maintenance services. In addition, the company provides residential leasing services, as well as sells inverters manufactured by third parties. It primarily serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of TotalEnergies SE.

SunPower Stock Performance

Shares of SPWR opened at $25.39 on Thursday. The stock has a market capitalization of $4.42 billion, a P/E ratio of -28.21 and a beta of 2.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.94 and a current ratio of 1.19. SunPower has a 1 year low of $12.78 and a 1 year high of $34.61. The company's fifty day moving average is $18.85 and its two-hundred day moving average is $18.49.

SunPower (NASDAQ:SPWR - Get Rating) last 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). SunPower had a negative net margin of 10.51% and a negative return on equity of 4.15%. The firm had revenue of $417.80 million during the quarter, compared to analyst estimates of $364.47 million. During the same quarter in the previous year, the business earned $0.01 EPS. SunPower's revenue for the quarter was up 60.2% on a year-over-year basis. On average, sell-side analysts predict that SunPower will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPWR has been the subject of a number of research reports. UBS Group lifted their price objective on SunPower from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 3rd. Raymond James boosted their price target on shares of SunPower from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 3rd. Morgan Stanley upped their target price on shares of SunPower from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Monday, June 13th. Roth Capital lowered their price target on shares of SunPower from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, July 22nd. Finally, Wells Fargo & Company initiated coverage on shares of SunPower in a research report on Wednesday, June 29th. They issued an "underweight" rating and a $17.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, SunPower has an average rating of "Hold" and an average target price of $21.63.

Insiders Place Their Bets

In other news, insider Vichheka Heang sold 14,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $24.95, for a total value of $349,300.00. Following the completion of the transaction, the insider now owns 5,046 shares in the company, valued at approximately $125,897.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SunPower news, EVP Douglas J. Richards sold 23,912 shares of the company's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $25.90, for a total value of $619,320.80. Following the sale, the executive vice president now owns 23,909 shares of the company's stock, valued at $619,243.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vichheka Heang sold 14,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $24.95, for a total transaction of $349,300.00. Following the completion of the sale, the insider now directly owns 5,046 shares in the company, valued at $125,897.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,912 shares of company stock worth $1,634,371. 0.65% of the stock is owned by corporate insiders.

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SPWR Stock News Headlines

SunPower Whale Trades For August 17 - Benzinga
SunPower (NASDAQ:SPWR) Price Target Raised to $22.00
SunPower (NASDAQ:SPWR) Price Target Raised to $25.00
Where SunPower Stands With Analysts
SunPower (SPWR) Q2 2022 Earnings Call Transcript
Recap: SunPower Q2 Earnings - Benzinga
See More Headlines
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SPWR Company Calendar

Last Earnings
8/02/2022
Today
8/18/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:SPWR
Previous Symbol
NASDAQ:SPWRA
CUSIP
86765240
Employees
3,660
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.19
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
-16.2%
Consensus Rating
Hold
Rating Score (0-4)
1.93
Research Coverage
15 Analysts

Profitability

Net Income
$-37,360,000.00
Pretax Margin
-8.35%

Debt

Sales & Book Value

Annual Sales
$1.32 billion
Book Value
$2.41 per share

Miscellaneous

Free Float
172,927,000
Market Cap
$4.49 billion
Optionable
Optionable
Beta
2.06

Key Executives

  • Mr. Peter T. Faricy (Age 56)
    Chairman, Pres & CEO
    Comp: $1.67M
  • Mr. Manavendra S. SialMr. Manavendra S. Sial (Age 45)
    Exec. VP & CFO
    Comp: $673.63k
  • Mr. Douglas J. RichardsMr. Douglas J. Richards (Age 63)
    Exec. VP & Chief People Officer
    Comp: $558.36k
  • Mr. Derek Kuzak
    Exec. VP of Supply Chain, Quality & Field Operations
  • Ms. Vichheka HeangMs. Vichheka Heang (Age 42)
    VP, Corp. Controller & Principal Accounting Officer
  • Mr. Josh Koppelman
    Exec. VP & CTO
  • Mr. Michael Weinstein
    Head of Investor Relations
  • Mr. Jim Dawe
    Global VP of Sales & Marketing
  • Ms. June Sauvaget
    Exec. VP & Chief Marketing Officer
  • Mr. Bobby S. Ram
    Managing Director of Specialty Products













SPWR Stock - Frequently Asked Questions

Should I buy or sell SunPower stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 4 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View SPWR analyst ratings
or view top-rated stocks.

What is SunPower's stock price forecast for 2022?

15 equities research analysts have issued twelve-month price targets for SunPower's shares. Their SPWR share price forecasts range from $13.00 to $31.00. On average, they predict the company's share price to reach $22.19 in the next year. This suggests that the stock has a possible downside of 14.0%.
View analysts price targets for SPWR
or view top-rated stocks among Wall Street analysts.

How have SPWR shares performed in 2022?

SunPower's stock was trading at $20.87 at the beginning of 2022. Since then, SPWR stock has increased by 23.7% and is now trading at $25.81.
View the best growth stocks for 2022 here
.

When is SunPower's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SPWR earnings forecast
.

How were SunPower's earnings last quarter?

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 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 net margin of 10.51% and a negative trailing twelve-month return on equity of 4.15%. The company's revenue for the quarter was up 60.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS.

What is Tom Werner's approval rating as SunPower's CEO?

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.

What other stocks do shareholders of SunPower own?

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).

What is SunPower's stock symbol?

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

Who are SunPower's major shareholders?

SunPower's stock is owned by a number of institutional and retail investors. Top institutional investors include Credit Suisse AG (1.08%), Northern Trust Corp (0.62%), Millennium Management LLC (0.51%), Goldman Sachs Group Inc. (0.43%), DekaBank Deutsche Girozentrale (0.42%) and Parallax Volatility Advisers L.P. (0.00%). 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.
View institutional ownership trends
.

How do I buy shares of SunPower?

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.
Compare Top Brokerages Here.

What is SunPower's stock price today?

One share of SPWR stock can currently be purchased for approximately $25.81.

How much money does SunPower make?

SunPower (NASDAQ:SPWR) has a market capitalization of $4.49 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 ($0.90) on an earnings per share basis.

How many employees does SunPower have?

The company employs 3,660 workers across the globe.

How can I contact SunPower?

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.

This page (NASDAQ:SPWR) was last updated on 8/18/2022 by MarketBeat.com Staff

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