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SunPower (SPWR) Stock Forecast & Price Target

$2.80
-0.31 (-9.97%)
(As of 06/14/2024 ET)

SunPower - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 21 Analyst Ratings

Consensus Price Target

$4.56
62.95% Upside
High Forecast$12.00
Average Forecast$4.56
Low Forecast$2.00
TypeCurrent Forecast
6/16/23 to 6/15/24
1 Month Ago
5/17/23 to 5/16/24
3 Months Ago
3/18/23 to 3/17/24
1 Year Ago
6/16/22 to 6/16/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
17 Hold rating(s)
Sell
10 Sell rating(s)
10 Sell rating(s)
9 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$4.56$4.59$5.43$17.82
Forecasted Upside62.95% Upside0.99% Upside-0.69% Downside15.31% Upside
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SPWR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SPWR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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SunPower Stock vs. The Competition

TypeSunPowerOils/Energy CompaniesS&P 500
Consensus Rating Score
1.57
2.56
2.50
Consensus RatingReduceModerate BuyHold
Predicted Upside62.95% Upside410.04% Upside12.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/5/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$2.25 ➝ $2.00-36.91%
5/15/2024Wolfe Research
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 DowngradePeer Perform ➝ Underperform$2.00-54.44%
4/29/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$6.00 ➝ $4.00+86.92%
4/23/2024Evercore ISI
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 DowngradeOutperform ➝ Inline$6.00 ➝ $6.00+180.37%
4/19/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$5.00 ➝ $4.00+81.00%
4/5/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$4.50 ➝ $3.00+5.26%
3/28/2024Citigroup
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 Lower TargetSell ➝ Sell$3.00 ➝ $2.50-16.94%
2/16/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$4.00 ➝ $4.25+16.76%
2/16/2024Guggenheim
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 DowngradeNeutral ➝ Sell
1/23/2024Truist Financial
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 Lower TargetHold ➝ Hold$5.00 ➝ $3.50+2.64%
1/8/2024Wells Fargo & Company
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 Reiterated RatingEqual Weight ➝ Underweight$6.00 ➝ $4.00+1.01%
1/4/2024Raymond James
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 DowngradeOutperform ➝ Market Perform
12/15/2023Jefferies Financial Group
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 Initiated CoverageHold$5.50-8.64%
11/2/2023Barclays
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 Lower TargetUnderweight ➝ Underweight$6.00 ➝ $2.50-44.07%
11/2/2023Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$5.00 ➝ $3.00-32.89%
10/25/2023Roth Mkm
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 Lower TargetNeutral ➝ Neutral$10.00 ➝ $5.00+21.65%
10/20/2023BNP Paribas
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 Initiated CoverageUnderperform$4.00-28.19%
10/19/2023JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$9.00 ➝ $6.00+7.14%
10/13/2023Piper Sandler
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 Lower TargetNeutral ➝ Neutral$7.00 ➝ $5.00-12.43%
7/27/2023Robert W. Baird
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 DowngradeOutperform ➝ Neutral$24.00 ➝ $12.00+26.98%
7/26/2023Bank of America
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 DowngradeNeutral ➝ Underperform$11.00 ➝ $7.00-25.93%
4/13/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHold$15.00 ➝ $13.00-0.54%
2/16/2023Credit Suisse Group
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 Reiterated RatingNeutral$15.00-7.92%
2/16/2023Capital One Financial
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D. Becker
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Reiterated RatingEqual Weight
2/9/2023Janney Montgomery Scott
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 Initiated CoverageNeutral$16.00-1.60%
11/15/2022Cowen
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 Boost Target$17.00-25.14%
11/9/2022Susquehanna Bancshares
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 Boost Target$25.00 ➝ $27.00+45.95%
7/22/2022Roth Capital
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 Lower TargetNeutral$20.00 ➝ $18.00+5.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:27 PM ET.

SPWR Frequently Asked Questions

What is SunPower's stock forecast and purchase recommendation?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for SunPower is $4.56, with a high forecast of $12.00 and a low forecast of $2.00. The consensus rating for SunPower stock is Reduce based on the current 10 sell ratings, 10 hold ratings and 1 buy rating for SPWR. Learn more on SPWR's analyst rating history.

Do Wall Street analysts like SunPower more than its competitors?

Analysts like SunPower less than other "oils/energy" companies. The consensus rating for SunPower is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how SPWR compares to other companies.

Is SunPower being downgraded by Wall Street analysts?

Over the previous 90 days, SunPower's stock had 2 downgrades by analysts.

Does SunPower's stock price have much upside?

According to analysts, SunPower's stock has a predicted upside of 0.28% based on their 12-month stock forecasts.

What analysts cover SunPower?

SunPower has been rated by research analysts at Citigroup, Evercore ISI, Mizuho, Scotiabank, Susquehanna, The Goldman Sachs Group, and Wolfe Research in the past 90 days.


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This page (NASDAQ:SPWR) was last updated on 6/15/2024 by MarketBeat.com Staff

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