S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
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Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
What's in Democrats' big bill? Climate, health care, savings
NASDAQ:SPWR

SunPower - SPWR Stock Forecast, Price & News

$24.08
+1.32 (+5.80%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.13
$24.64
50-Day Range
$15.14
$24.08
52-Week Range
$12.78
$34.61
Volume
4.98 million shs
Average Volume
3.16 million shs
Market Capitalization
$4.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.60

SunPower MarketRank™ Forecast

Analyst Rating
Hold
1.93 Rating Score
Upside/​Downside
10.3% Downside
$21.60 Price Target
Short Interest
Bearish
17.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.09
Upright™ Environmental Score
News Sentiment
0.09mentions of SunPower in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
168.75%
From $0.16 to $0.43 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Oils/Energy Sector

210th out of 336 stocks

Semiconductors & Related Devices Industry

75th out of 113 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 NASDAQ:SPWR traded up $1.32 during midday trading on Friday, hitting $24.08. 4,978,244 shares of the company's stock traded hands, compared to its average volume of 3,160,825. SunPower has a 1 year low of $12.78 and a 1 year high of $34.61. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -26.76 and a beta of 2.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.87 and a current ratio of 1.19. The firm has a fifty day moving average of $17.70 and a 200 day moving average of $17.99.

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). SunPower had a negative net margin of 10.51% and a negative return on equity of 4.15%. The business had revenue of $417.80 million for the quarter, compared to analysts' expectations of $364.47 million. During the same period in the previous year, the company earned $0.01 EPS. SunPower's revenue for the quarter was up 60.2% compared to the same quarter last year. On average, analysts forecast that SunPower will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of SunPower from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $19.00 to $13.00 in a research note on Monday, June 20th. Morgan Stanley lifted 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 cut their price target on shares of SunPower from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, July 22nd. Wells Fargo & Company assumed 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. Finally, Piper Sandler cut their price target on shares of SunPower from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.60.

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SPWR Stock News Headlines

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
SunPower Jumps 15.5% Today on Strong Earnings
See More Headlines
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SPWR Company Calendar

Last Earnings
8/02/2022
Today
8/07/2022
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
$21.60
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
-10.3%
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
172,697,000
Market Cap
$4.19 billion
Optionable
Optionable
Beta
2.06














SPWR Stock - Frequently Asked Questions

Should I buy or sell SunPower stock right now?

15 Wall Street 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 research analysts is that investors should "hold" SunPower stock. 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 analyst ratings for SunPower
or view top-rated stocks.

What is SunPower's stock price forecast for 2022?

15 analysts have issued 12 month price objectives for SunPower's stock. Their SPWR stock forecasts range from $13.00 to $27.00. On average, they expect SunPower's share price to reach $21.60 in the next year. This suggests that the stock has a possible downside of 10.3%.
View analysts' price targets for SunPower
or view top-rated stocks among Wall Street analysts.

How has SunPower's stock performed in 2022?

SunPower's stock was trading at $20.87 at the beginning of 2022. Since then, SPWR stock has increased by 15.4% and is now trading at $24.08.
View the best growth stocks for 2022 here
.

When is SunPower's next earnings date?

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

How were SunPower's earnings last quarter?

SunPower Co. (NASDAQ:SPWR) announced its quarterly earnings data 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%. SunPower's revenue was up 60.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share.

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

197 employees have rated SunPower CEO Tom Werner on Glassdoor.com. Tom Werner has an approval rating of 79% among SunPower'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 DekaBank Deutsche Girozentrale (0.42%), Green Alpha Advisors LLC (0.35%), KBC Group NV (0.25%), Nia Impact Advisors LLC (0.13%), Mirae Asset Global Investments Co. Ltd. (0.10%) and AE Wealth Management LLC (0.09%). Company insiders that own SunPower 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 for SunPower
.

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 $24.08.

How much money does SunPower make?

SunPower (NASDAQ:SPWR) has a market capitalization of $4.19 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?

SunPower 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 SunPower 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 8/7/2022 by MarketBeat.com Staff

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