NASDAQ:SPWR - SunPower Stock Price, Forecast & News

SunPower's stock was trading at $6.22 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SPWR shares have decreased by 12.1% and is now trading at $5.47. View which stocks have been mosted impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 3 sell ratings, 5 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 Thursday, May 14th 2020. View our earnings forecast for SunPower.

SunPower Co. (NASDAQ:SPWR) posted its quarterly earnings data on Wednesday, February, 12th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.15. The semiconductor company earned $607 million during the quarter, compared to analyst estimates of $615.05 million. SunPower's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. View SunPower's earnings history.

SunPower issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.1-2.3 billion, compared to the consensus revenue estimate of $2.26 billion.

10 equities research analysts have issued twelve-month price targets for SunPower's stock. Their forecasts range from $6.00 to $14.00. On average, they expect SunPower's stock price to reach $9.48 in the next year. This suggests a possible upside of 73.3% from the stock's current price. View analysts' price targets for SunPower.

News headlines about SPWR stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. SunPower earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutSunPower.

SunPower saw a increase in short interest in March. As of March 13th, there was short interest totaling 24,513,100 shares, an increase of 12.7% from the February 27th total of 21,760,000 shares. Based on an average daily trading volume, of 4,608,900 shares, the short-interest ratio is currently 5.3 days. Currently, 30.5% of the shares of the company are sold short. View SunPower's Current Options Chain.

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

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

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

SunPower's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Norges Bank (0.80%), Geode Capital Management LLC (0.78%), Hennessy Advisors Inc. (0.75%), AQR Capital Management LLC (0.51%), California Public Employees Retirement System (0.40%) and DNB Asset Management AS (0.37%). 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 UBS Asset Management Americas Inc., SG Americas Securities LLC, Spark Investment Management LLC, Nuveen Asset Management LLC, California Public Employees Retirement System, KBC Group NV, Cipher Capital LP, and Goldman Sachs Group Inc.. Company insiders that have sold SunPower company stock in the last year include Douglas J Richards, Kenneth Lawrence Mahaffey, Manavendra Sial, Patrick Wood III, 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 Norges Bank, Hennessy Advisors Inc., DNB Asset Management AS, Rock Point Advisors LLC, First Trust Advisors LP, AQR Capital Management LLC, Knights of Columbus Asset Advisors LLC, and Cubist Systematic Strategies 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 $5.47.

SunPower has a market capitalization of $921.09 million 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. View additional information about SunPower.

The official website for SunPower is http://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.