SunPower - SPWR Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 4 sell ratings, 8 hold ratings and 2 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.
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14 analysts have issued 12-month target prices for SunPower's stock. Their SPWR share price forecasts range from $17.00 to $31.00. On average, they predict the company's stock price to reach $22.20 in the next year. This suggests that the stock has a possible downside of 9.6%.
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SunPower's stock was trading at $20.87 at the beginning of 2022. Since then, SPWR stock has increased by 17.7% and is now trading at $24.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our SPWR earnings forecast.

SunPower will be holding an earnings conference call on Tuesday, November 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

SunPower Co. (NASDAQ:SPWR) released its quarterly earnings data on Tuesday, August, 2nd. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 was up 60.2% on a year-over-year basis. During the same period in the previous year, the firm posted $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 many different retail and institutional investors. Top institutional shareholders 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.
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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 $24.56.

SunPower (NASDAQ:SPWR) has a market capitalization of $4.28 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.

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.