Should I buy or sell SunPower stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 9 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SPWR shares. View SPWR analyst ratings or view top-rated stocks .

What is SunPower's stock price target for 2024?

19 Wall Street research analysts have issued 12 month price objectives for SunPower's shares. Their SPWR share price targets range from $2.50 to $12.00. On average, they predict the company's share price to reach $4.82 in the next year. This suggests a possible upside of 113.2% from the stock's current price. View analysts price targets for SPWR or view top-rated stocks among Wall Street analysts .

How have SPWR shares performed in 2024?

SunPower's stock was trading at $4.83 at the beginning of 2024. Since then, SPWR stock has decreased by 53.2% and is now trading at $2.26. View the best growth stocks for 2024 here .

When is SunPower's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SPWR earnings forecast .

How were SunPower's earnings last quarter?

SunPower Co. (NASDAQ:SPWR) issued its earnings results on Thursday, February, 15th. The semiconductor company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.24. The semiconductor company earned $356.91 million during the quarter, compared to analysts' expectations of $364.58 million. SunPower had a negative trailing twelve-month return on equity of 40.95% and a negative net margin of 14.15%.

What ETFs hold SunPower's stock?

ETFs with the largest weight of SunPower (NASDAQ:SPWR) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) , Subversive Decarbonization ETF (DKRB) , Global X Clean Tech ETF (CTEC) , SoFi Smart Energy ETF (SHFT) , SoFi Smart Energy ETF (ENRG) , SPDR S&P Kensho Clean Power ETF (CNRG) , Parabla Innovation ETF (LZRD) and VanEck Green Infrastructure ETF (RNEW) .

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) .

Who are SunPower's major shareholders?

SunPower's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Green Alpha Advisors LLC (0.09%), Counterpoint Mutual Funds LLC (0.04%), Banque Cantonale Vaudoise (0.03%) and Wedmont Private Capital (0.01%). Insiders that own company stock include Douglas J Richards, Manavendra Sial , Peter Faricy, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:SPWR

SunPower (SPWR) Stock Price, News & Analysis

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$2.26

-0.05 (-2.16%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.23
▼
$2.38
50-Day Range: $2.26
▼
$4.28
52-Week Range: $2.21
▼
$14.49

Volume: 3.95 million shs
Average Volume: 7.01 million shs
Market Capitalization: $396.31 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.82

Get SunPower alerts:

SunPower MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.58 Rating Score
Upside/Downside: 113.2% Upside
$4.82 Price Target
Short Interest: Healthy
76.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: 0.03
Upright™ Environmental Score
News Sentiment: 0.09
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.74) to ($0.38) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.81 out of 5 stars

Oils/Energy Sector

69th out of 226 stocks

Semiconductors & Related Devices Industry

31st out of 87 stocks

3.8

Analyst's Opinion

Consensus Rating
SunPower has received a consensus rating of Reduce. The company's average rating score is 1.58, and is based on 1 buy rating, 9 hold ratings, and 9 sell ratings.
Amount of Analyst Coverage
SunPower has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
76.63% of the float of SunPower has been sold short.
Short Interest Ratio / Days to Cover
SunPower has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in SunPower has recently decreased by 7.73%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
SunPower does not currently pay a dividend.
Dividend Growth
SunPower does not have a long track record of dividend growth.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SunPower has received a 66.23% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Solar panels", "Installation services of solar panels", and "Construction of solar power plants" products. See details.
Environmental Sustainability
The Environmental Impact score for SunPower is 0.03.

1.2

News and Social Media Coverage

News Sentiment
SunPower has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for SunPower this week, compared to 7 articles on an average week.
Search Interest
Only 26 people have searched for SPWR on MarketBeat in the last 30 days. This is a decrease of -4% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added SunPower to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SunPower insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.28% of the stock of SunPower is held by insiders.
Percentage Held by Institutions
47.36% of the stock of SunPower is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SunPower are expected to grow in the coming year, from ($0.74) to ($0.38) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SunPower is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SunPower is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SunPower has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About SunPower Stock (NASDAQ:SPWR)

SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, and mounting hardware that enable dealers and installers to complete system installations, as well as for end customers to manage their energy production. The company also provides post-installation monitoring and maintenance services. It serves residential customers, including individual homeowners and new home builders. The company was incorporated in 1985 and is headquartered in Richmond, California. SunPower Corporation operates as a subsidiary of TotalEnergies SE.

SPWR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SPWR Stock News Headlines

April 2, 2024 | marketbeat.com

How to Invest in Energy (SPWR)

Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.

April 18, 2024 | americanbankingnews.com

SunPower Co. (NASDAQ:SPWR) Expected to Earn Q1 2026 Earnings of $0.04 Per Share

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April 9, 2024 | fool.com

1 Wall Street Analyst Cuts SunPower's Price Target by 33%. Here's Why He's Right (and Wrong)

April 3, 2024 | markets.businessinsider.com

3 Stocks With the Highest Short Interest Headed Into April

March 22, 2024 | finanznachrichten.de

SunPower Corp.: SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

March 21, 2024 | finance.yahoo.com

SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

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3 Stocks Under $10 That Wall Street Sees More Than 100% Upside This Year

March 21, 2024 | fool.com

Is SunPower Stock Going to $2.50? 1 Wall Street Analyst Thinks So.

March 15, 2024 | fool.com

Why Solar Energy Stocks Cratered Again This Week

March 15, 2024 | finance.yahoo.com

SPWR Apr 2024 4.000 call

March 14, 2024 | finance.yahoo.com

SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer

March 14, 2024 | finanznachrichten.de

SunPower Corp.: SunPower Appoints Chief Revenue Officer

March 14, 2024 | finance.yahoo.com

SunPower Appoints Chief Revenue Officer

March 12, 2024 | finance.yahoo.com

SPWR Apr 2024 4.500 put

March 11, 2024 | markets.businessinsider.com

A Glimpse Into The Expert Outlook On SunPower Through 13 Analysts

March 1, 2024 | finance.yahoo.com

SPWR Mar 2024 2.000 put

February 29, 2024 | fool.com

Why SunPower Stock Slumped on Thursday

February 29, 2024 | msn.com

SunPower delays filing Form 10-K

February 29, 2024 | prnewswire.com

SunPower Announces Delay in Filing Form 10-K

February 27, 2024 | finance.yahoo.com

SunPower Begins Search for New CEO

February 27, 2024 | investing.com

SunPower shares fall as CEO departs

February 27, 2024 | markets.businessinsider.com

SunPower CEO Peter Faricy Departs

February 27, 2024 | msn.com

SunPower CEO Faricy to leave the company

February 27, 2024 | reuters.com

SunPower CEO Peter Faricy leaves, shares fall

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Current Symbol: NASDAQ:SPWR
Previous Symbol: NASDAQ:SPWRA
CUSIP: 86765240
CIK: 867773
Web: www.sunpowercorp.com
Phone: (408) 240-5500
Fax: 302-655-5049
Employees: 3,480
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.82
High Stock Price Target: $12.00
Low Stock Price Target: $2.50
Potential Upside/Downside: +113.2%
Consensus Rating: Reduce
Rating Score (0-4): 1.58
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.37)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-247,110,000.00
Net Margins: -14.15%
Pretax Margin: -13.61%
Return on Equity: -40.95%
Return on Assets: -11.70%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.94
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $1.69 billion
Price / Sales: 0.24
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.75 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 175,360,000
Free Float: 174,870,000
Market Cap: $396.31 million
Optionable: Optionable
Beta: 1.73

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Key Executives

Mr. Thomas H. Werner (Age 64)
Executive Chairman & Principal Executive Officer
Comp: $2.04M
Ms. Elizabeth Eby (Age 59)
Principal Accounting Officer, Executive VP & CFO
Ms. Jennifer Johnston
Executive VP & COO
Mr. Josh Koppelman
Executive VP & CTO
Mr. Michael Weinstein
Vice President of Investor Relations
Ms. Eileen Evans
Executive VP, Chief Legal Officer & Corporate Secretary
Mr. Jim Dawe
Global Vice President of Sales & Marketing
Ms. Joanne Endow
Head of ESG
Mr. Tony Garzolini
Executive VP & Chief Revenue Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SPWR Stock Analysis - Frequently Asked Questions

Should I buy or sell SunPower stock right now?: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last twelve months. There are currently 9 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SPWR shares.
View SPWR analyst ratings or view top-rated stocks.
What is SunPower's stock price target for 2024?: 19 Wall Street research analysts have issued 12 month price objectives for SunPower's shares. Their SPWR share price targets range from $2.50 to $12.00. On average, they predict the company's share price to reach $4.82 in the next year. This suggests a possible upside of 113.2% from the stock's current price.
View analysts price targets for SPWR or view top-rated stocks among Wall Street analysts.
How have SPWR shares performed in 2024?: SunPower's stock was trading at $4.83 at the beginning of 2024. Since then, SPWR stock has decreased by 53.2% and is now trading at $2.26.
View the best growth stocks for 2024 here.
When is SunPower's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SPWR earnings forecast.
How were SunPower's earnings last quarter?: SunPower Co. (NASDAQ:SPWR) issued its earnings results on Thursday, February, 15th. The semiconductor company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.24. The semiconductor company earned $356.91 million during the quarter, compared to analysts' expectations of $364.58 million. SunPower had a negative trailing twelve-month return on equity of 40.95% and a negative net margin of 14.15%.
What ETFs hold SunPower's stock?: ETFs with the largest weight of SunPower (NASDAQ:SPWR) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Global X Clean Tech ETF (CTEC), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), SPDR S&P Kensho Clean Power ETF (CNRG), Parabla Innovation ETF (LZRD) and VanEck Green Infrastructure ETF (RNEW).

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).
Who are SunPower's major shareholders?: SunPower's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Green Alpha Advisors LLC (0.09%), Counterpoint Mutual Funds LLC (0.04%), Banque Cantonale Vaudoise (0.03%) and Wedmont Private Capital (0.01%). Insiders that own company stock include Douglas J Richards, Manavendra Sial, Peter Faricy, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SPWR) was last updated on 4/19/2024 by MarketBeat.com Staff

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