NASDAQ:SPWRSunPower Stock Price, Forecast & News

SunPower's stock was trading at $6.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPWR shares have increased by 18.5% and is now trading at $7.37. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 2 sell ratings, 8 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) issued its quarterly earnings results on Thursday, May, 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate 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 business's quarterly revenue was up 29.1% on a year-over-year basis. During the same period last year, the firm earned ($0.41) earnings per share. View SunPower's earnings history.

SunPower issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $290-330 million, compared to the consensus revenue estimate of $422.82 million.

12 equities research analysts have issued 1 year price objectives for SunPower's stock. Their forecasts range from $6.00 to $14.00. On average, they expect SunPower's share price to reach $9.20 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View analysts' price targets for SunPower.

Media coverage about SPWR stock has been trending somewhat positive recently, 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 0.9 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutSunPower.

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), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI) and Cree (CREE). 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 shareholders include Invesco Ltd. (2.48%), Federated Hermes Inc. (1.46%), Luminus Management LLC (0.96%), Geode Capital Management LLC (0.76%), Hennessy Advisors Inc. (0.59%) and Rock Point Advisors LLC (0.26%). 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 sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Spark Investment Management LLC, AQR Capital Management LLC, Baker Avenue Asset Management LP, Tudor Investment Corp Et Al, Voloridge Investment Management LLC, First Trust Advisors LP, and GSA Capital Partners LLP. Company insiders that have sold SunPower company stock in the last year include Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, and Thomas H Werner. View insider buying and selling activity for SunPower.

SPWR stock was purchased by a variety of institutional investors in the last quarter, including Luminus Management LLC, Invesco Ltd., tru Independence LLC, Hussman Strategic Advisors Inc., Federated Hermes Inc., Geode Capital Management LLC, Alps Advisors Inc., and Alliancebernstein L.P.. 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 $7.37.

SunPower has a market capitalization of $1.25 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.