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NASDAQ:SPWR

SunPower - SPWR Stock Forecast, Price & News

$26.50
-0.12 (-0.45%)
(As of 08/15/2022 05:07 PM ET)
Add
Compare
Today's Range
$25.98
$26.94
50-Day Range
$15.14
$26.62
52-Week Range
$12.78
$34.61
Volume
2.72 million shs
Average Volume
3.41 million shs
Market Capitalization
$4.61 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
19.3% Downside
$21.63 Price Target
Short Interest
Healthy
16.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.09
Upright™ Environmental Score
News Sentiment
0.20mentions of SunPower in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$968,621 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

160th out of 261 stocks

Semiconductors & Related Devices Industry

66th out of 98 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.

Analyst Ratings Changes

A number of research analysts have recently commented on SPWR shares. Wells Fargo & Company started coverage on shares of SunPower in a report on Wednesday, June 29th. They issued an "underweight" rating and a $17.00 price target on the stock. Morgan Stanley increased their target price on shares of SunPower from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Monday, June 13th. The Goldman Sachs Group cut shares of SunPower from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $19.00 to $13.00 in a report on Monday, June 20th. Barclays initiated coverage on shares of SunPower in a report on Friday, August 5th. They set an "equal weight" rating and a $26.00 target price on the stock. Finally, Raymond James increased their target price on shares of SunPower from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.63.

SunPower Stock Up 3.6 %

SPWR Stock opened at $26.62 on Monday. The firm has a 50-day simple moving average of $18.44 and a two-hundred day simple moving average of $18.31. SunPower has a one year low of $12.78 and a one year high of $34.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.94.

SunPower (NASDAQ:SPWR - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $417.80 million for the quarter, compared to analysts' expectations of $364.47 million. SunPower had a negative net margin of 10.51% and a negative return on equity of 4.15%. The business's quarterly revenue was up 60.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, research analysts forecast that SunPower will post 0.16 earnings per share for the current year.

Insider Activity at SunPower

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

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SPWR Stock News Headlines

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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
SunPower (SPWR) Q2 Earnings Lag Estimates
See More Headlines
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SPWR Company Calendar

Last Earnings
8/02/2022
Today
8/15/2022
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
$21.63
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
-18.4%
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
$2.25 per share

Miscellaneous

Free Float
172,961,000
Market Cap
$4.61 billion
Optionable
Optionable
Beta
2.06














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 year. 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 Wall Street analysts have issued twelve-month price objectives for SunPower's shares. Their SPWR share price forecasts range from $13.00 to $27.00. On average, they predict the company's stock price to reach $21.63 in the next year. This suggests that the stock has a possible downside of 19.3%.
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 shares have increased by 28.4% and is now trading at $26.79.
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) announced its quarterly 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 trailing twelve-month return on equity of 4.15% and a negative net margin of 10.51%. SunPower's revenue for the quarter was up 60.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share.

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 many different retail and institutional investors. Top institutional investors include Credit Suisse AG (1.08%), Northern Trust Corp (0.62%), DekaBank Deutsche Girozentrale (0.42%), Green Alpha Advisors LLC (0.35%), Alps Advisors Inc. (0.31%) and KBC Group NV (0.25%). 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 $26.79.

How much money does SunPower make?

SunPower (NASDAQ:SPWR) has a market capitalization of $4.66 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 8/15/2022 by MarketBeat.com Staff

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