SPWR
About SunPower Corporation
American company SunPower sells battery-powered energy storage systems and photovoltaic solar energy producing systems, mostly to residential clients. Richard Swanson, a professor of electrical engineering at Stanford University, created the business in 1985. It has its headquarters in San Jose, California. In 2002, Cypress Semiconductor acquired the majority of the business, and it expanded swiftly until SunPower went public in 2005. For US$1.37 billion in 2011, the French energy and oil giant TotalEnergies acquired a majority stake in SunPower.
Prior to spinning off that division of the business as Maxeon Solar Technologies in 2020, the company developed and manufactured solar panels. Prior to agreeing to sell that business line to TotalEnergies in February 2022, the company has previously sold its goods to commercial and industrial customers.
---
More information about sustainable and impact investing can be found in our Education area on our website.
---
Will SPWR break out in the next months towards its highs in January 2021?
According to TradingView, at the moment only four analysts rate SunPower shares as a "strong buy" or "buy." Furthermore, only three analysts recommend to sell that stock. Due to the fact that 15 experts recommend holding, it seems clear that retaining the company's stock would be the best choice for investors. However, the current minimum expectation for the stock is USD 16.00 which represents a decline of 13.89% from the current stock price (USD 18.58). The current highest estimate for the stock is USD 32 (+ 72.23%), while the average estimate is USD 22.29 (+ 19.99%).
The predicted EPS for Q4-2022 may increase by 0.03 to 0.16 from the reported 0.13 in the previous quarter. Analysts predict that the EPS will increase annually by 0.22 from reported 0.07 in 2021 to an estimated 0.29 in 2022 before increasing again in 2023 to 0.62.
According to predictions, SPWR's revenue may have increased by 31.30% from the reported $1.31B (2021) to $1.72B in 2022. Due to the ongoing high demand for solar panels and battery-powered energy storage systems, the outlook for SunPower's revenue looks positive and could increase to approximately $2.84B in 2025.
SunPower may have a promising future if those forecasts come true.
