SunPower Corporation (SPWR)
NASDAQ: SPWR · IEX Real-Time Price · USD
3.340
-0.065 (-1.91%)
At close: May 31, 2024, 4:00 PM
3.300
-0.040 (-1.20%)
After-hours: May 31, 2024, 7:55 PM EDT
SunPower Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for SunPower stock have an average target of 4.37, with a low estimate of 1.00 and a high estimate of 12. The average target predicts an increase of 30.84% from the current stock price of 3.34.
Analyst Consensus: Sell
Analyst Ratings
The average analyst rating for SunPower stock from 23 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 1 | 1 | 1 | 0 | 0 |
| Hold | 11 | 12 | 12 | 11 | 12 | 12 |
| Sell | 5 | 6 | 6 | 6 | 6 | 7 |
| Strong Sell | 2 | 2 | 3 | 3 | 3 | 4 |
| Total | 21 | 21 | 22 | 21 | 21 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| GLJ Research | GLJ Research | Strong Sell Reiterates $1.61 | Strong Sell | Reiterates | $1.61 | -51.80% | May 16, 2024 |
| Wolfe Research | Wolfe Research | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | May 15, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $6 → $4 | Hold | Maintains | $6 → $4 | +19.76% | Apr 29, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $6 | Buy → Hold | Downgrades | $6 | +79.64% | Apr 23, 2024 |
| Mizuho | Mizuho | Hold Maintains $5 → $4 | Hold | Maintains | $5 → $4 | +19.76% | Apr 19, 2024 |
Financial Forecast
Revenue This Year
1.72B
from 1.74B
Decreased by -1.03%
Revenue Next Year
1.49B
from 1.72B
Decreased by -13.34%
EPS This Year
-0.59
from 0.25
EPS Next Year
-0.59
from -0.59
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 2.0B | 1.8B | 2.3B | 2.5B | 2.1B | 2.2B |
| Avg | 1.7B | 1.5B | 1.7B | 1.9B | 1.9B | 2.0B |
| Low | 1.5B | 1.1B | 1.1B | 1.5B | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 12.1% | 6.0% | 51.0% | 49.7% | 11.2% | 18.5% |
| Avg | -1.0% | -13.3% | 13.1% | 12.2% | -0.9% | 7.0% |
| Low | -11.1% | -36.7% | -23.5% | -9.2% | -14.2% | -9.2% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | -0.51 | -0.18 | 0.25 | 0.60 | 0.36 | 0.40 |
| Avg | -0.59 | -0.59 | -0.13 | 0.07 | 0.35 | 0.39 |
| Low | -0.69 | -1.14 | -0.57 | -0.25 | 0.33 | 0.37 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | - | - | - | - | 399.1% | 15.1% |
| Avg | - | - | - | - | 384.8% | 11.8% |
| Low | - | - | - | - | 365.8% | 7.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.