SunPower Corporation SPWR Stock Price, Quote & News

Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. SunPower Corp. is a vertically integrated solar products and services company that designs manufactures and delivers high-performance solar electric systems worldwide for residential commercial and utility-scale power plant customers.

The company’s semiconductor-based solar cells and solar panels, which… Analysts have a consensus estimate of $420.74 million for the company’s revenue for the quarter, with a low and high estimate of $323.3 million and $507.25 million respectively. The average forecast suggests up to a 25.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $2.06 billion, representing a 20.30% jump on that reported in the last financial year. Shares of SunPower Corp. shot up 11.0% toward a one-month high in premarket trading Tuesday, after the solar technology and energy services company reported third-quarter adjusted profit and revenue that rose above expect… Sunpower’s market cap is calculated by multiplying SPWR’s current stock price of $13.22 by SPWR’s total outstanding shares of 174,859,570.

Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios. According to 18 analysts, the average rating for SPWR stock is «Hold.» The 12-month stock price forecast is $17.61, which is an increase of 33.21% from the latest price. Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an «uptick» in price and the value of trades made on a «downtick» in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.

Ominously, Enphase CEO Badri Kothandaraman told Barron’s following the Q1 earnings release that higher interest rates appear to disincentive solar adoption in several states. “The installers aren’t signing up with more customers, because the interest rates are quite high relative to the utility rates,” the chief executive stated. SPWR at important pivot level ➕should rally 29/34 once we cross 26 resistance, rejection from this level can lead to some short term downside though. Should rally 29/34 once we cross 26 resistance, rejection from this level can lead to some short term downside though.

SunPower Faces Risk of Slowdown in U.S. Rooftop Solar Demand

The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. SunPower has undergone a number of strategic changes in recent years to refocus on the U.S. residential solar market. In 2020, it completed the spinoff of Maxeon, its legacy solar module manufacturing business. In 2021, Peter Faricy replaced longtime CEO Tom Werner, who retired. Faricy promptly focused the company on U.S. residential by exiting the less profitable commercial segment and acquiring residential solar installer Blue Raven Solar.

Current price change has pushed the stock -26.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPWR stock continues to rise going into the next quarter. SunPower Corporation’s market cap currently stands at around $2.30 billion, with investors looking forward to this quarter’s earnings report slated for May 03, 2023. Analysts project the company’s earnings per share to be -$0.01, which has seen fiscal year 2023 EPS growth forecast to increase to $0.42 and about $0.64 for fiscal year 2024. Per the data, EPS growth is expected to be 27.30% for 2023 and 52.40% for the next financial year.

SunPower Corp.

Net money flow is the value of uptick trades minus the value of downtick trades. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Represents the company’s profit divided by the outstanding shares of its common stock. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.

However, Raymond James comparing real and nominal gdp 2 Pavel Molchanov told Reuters that net metering reform in California might impose headwinds in Q2. Therefore, the two factors are essentially canceling each other out. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

High-https://1investing.in/ stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

All values as of most recently reported quarter unless otherwise noted. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. 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.

SunPower and Maxeon Extend Their Current Supply Relationship to Meet Rising Homeowner Demand

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

We’d like to share more about how we work and what drives our day-to-day business. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of SPWR’s competitive advantage. Thousands of SunPower customers in California can now connect to OhmConnect’s energy-saving platform and easily get paid when providing stored solar power back to grid RICHMOND, Calif. , April 25, 202… WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

CompareSPWR’s historical performanceagainst its industry peers and the overall market. The global energy crisis has brought forward new opportunities in renewables. As the world shifts from fossil fuels to renewable energy sources, solar energy will play a vital role in the transition. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Measures how much net income or profit is generated as a percentage of revenue. Overall, this stock passed 16/33 due dilligence checks and has strong fundamentals, according to our automated analysis.

Live educational sessions using site features to explore today’s markets. The losses from last week’s Fed-induced sell-off have officially been wiped out. If you’re looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts. During Q1, Enphase’s revenue jumped 65% to $726 million, primarily from higher European sales. Notably, ongoing data indicates that momentum in Europe remains strong.

About SunPower Corporation

Comparatively, TotalEnergies SE has moved -0.96% on the day and only 34.15% in the past 12 months. Moreover, Canadian Solar Inc. is also up 0.13% in trading on the day while keeping a an uptrend of 36.82% over the past year. If we look at the PE ratio, we find that SunPower Corporation’s ratio stands at 26.05 compared to TotalEnergies SE’s 8.05. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.96% and 1.57% respectively in the last trading.

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. The company was incorporated in 1985 and is headquartered in San Jose, California. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year.

SPWR:USNASDAQ GSSunPower CorpCOMPANY INFO

The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction. U.S.-based solar stocks sold off heavily on Wednesday, and only slightly recovered on Thursday after … Up around 7x from its low in March 2020, at the current price of $23 per share, we believe SunPower stock has further upside potential. SunPower stock has risen from $3 to $23 off its March 2020 low, significantly more than the S&P which increased by over 80% from its lows. We think that SunPower Corporation currently is a better pick compared to Sunrun Inc.. SunPower stock trades at around 4x trailing revenues, less than Sunrun’s P/S multiple of almost 8x.

Enphase Energy points out rising interest rates and new net metering rules in California are casting a shadow over rooftop solar growth prospects. Latest addition to SunPower’s Dealer Accelerator Program to accelerate adoption of SunPower solutions in Minnesota, Iowa, Wisconsin and beyond Wolf River Electric now SunPower’s third largest dealer R… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

• 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.
• The industry with the worst average Zacks Rank would place in the bottom 1%.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
• EV / Sales ,01x EV / Sales ,85x Nbr of Employees Free-Float 91,5% More FinancialsCompanySunPower Corporation is a solar technology and energy services provider.
• The technique has proven to be very useful for finding positive surprises.

SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. The company provides fully integrated solar, storage, and home energy solutions. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in Richmond, CA. Market cap is the total market value of a publicly traded company’s outstanding shares.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review. Turning to the stock’s technical picture we see that short term indicators suggest on average that SPWR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

The new metering policy changes a decades-old protocol that enabled homeowners with solar panels to sell any excess power to their utility at or near the full retail rate, per Reuters. Thus, the implication of a negative impact on a key market hurts ENPH and other solar stocks. In the market, a comparison of SunPower Corporation and its peers suggest the former has performed considerably stronger. Data shows SPWR’s intraday price has changed 5.72% in last session and -23.37% over the past year.

First Solar’s first-quarter 2023 earnings improve significantly from the prior-year loss. Moreover, the top line rises by 49.4% from the year-ago quarter. Up around 8x from its low in March 2020, we believe SunPower stock could see significant downside. Further, it traded at $7 in February 2020 – just before the outbreak of coronavirus – and is currently around 4.5x above that level, as well… The auto market’s quick shift to electric vehicles is increasing the need for charging infrastructure, particularly power from carbon-free sources. Clean energy got a boost Thursday after Sen. Joe Manchin and Senate Majority Leader Chuck Schumer reached a deal on climate spending.