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SPWR

SunPower NasdaqGS:SPWR Stock Report

Last Price

US$24.66

Market Cap

US$4.3b

7D

-6.9%

1Y

11.3%

Updated

28 Sep, 2022

Data

Company Financials +
SPWR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

SPWR Stock Overview

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.

SunPower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SunPower
Historical stock prices
Current Share PriceUS$24.66
52 Week HighUS$34.61
52 Week LowUS$12.78
Beta1.76
1 Month Change-0.12%
3 Month Change55.98%
1 Year Change11.28%
3 Year Change142.84%
5 Year Change244.89%
Change since IPO228.80%

Recent News & Updates

Sep 12

SunPower, IKEA U.S. partner to offer home solar solutions in California

SunPower (NASDAQ:SPWR) has announced a partnership with IKEA U.S. to launch home solar energy solutions in California. Beginning today, members of the IKEA Family customer loyalty program will be able to purchase SunPower home solar system packages. The offering will be available to IKEA Family members in select California locations. The four packages include various combinations of solar, energy storage and EV charging. Each of the offerings include a SunPower Equinox Solar System; access to the mySunPower app to monitor energy production or manage storage use; and SunPower's Complete Confidence Warranty consisting of a 25-year limited warranty for panels and a 10-year limited warranty for the monitoring device and storage system.

Shareholder Returns

SPWRUS ElectricalUS Market
7D-6.9%-3.5%-2.0%
1Y11.3%-21.8%-20.3%

Return vs Industry: SPWR exceeded the US Electrical industry which returned -24.5% over the past year.

Return vs Market: SPWR exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is SPWR's price volatile compared to industry and market?
SPWR volatility
SPWR Average Weekly Movement10.0%
Electrical Industry Average Movement10.5%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: SPWR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SPWR's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19853,660Peter Faricyhttps://us.sunpower.com

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. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network and resellers, as well as in-house sales team; and turn-key engineering, procurement, and construction services and sale of energy under power purchase agreements.

SunPower Fundamentals Summary

How do SunPower's earnings and revenue compare to its market cap?
SPWR fundamental statistics
Market CapUS$4.29b
Earnings (TTM)-US$121.97m
Revenue (TTM)US$1.59b

2.7x

P/S Ratio

-35.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPWR income statement (TTM)
RevenueUS$1.59b
Cost of RevenueUS$1.32b
Gross ProfitUS$268.74m
Other ExpensesUS$390.71m
Earnings-US$121.97m

Last Reported Earnings

Jul 03, 2022

Next Earnings Date

Nov 08, 2022

Earnings per share (EPS)-0.70
Gross Margin16.89%
Net Profit Margin-7.67%
Debt/Equity Ratio129.0%

How did SPWR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SPWR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPWR?

Other financial metrics that can be useful for relative valuation.

SPWR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA-155.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SPWR's PS Ratio compare to its peers?

SPWR PS Ratio vs Peers
The above table shows the PS ratio for SPWR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5x
VRT Vertiv Holdings Co
0.8x5.7%US$3.9b
NVT nVent Electric
1.9x-1.0%US$5.3b
CHPT ChargePoint Holdings
16.1x35.0%US$5.4b
AYI Acuity Brands
1.3x2.2%US$5.1b
SPWR SunPower
2.7x14.9%US$4.3b

Price-To-Sales vs Peers: SPWR is good value based on its Price-To-Sales Ratio (2.7x) compared to the peer average (5x).


Price to Earnings Ratio vs Industry

How does SPWR's PE Ratio compare vs other companies in the US Electrical Industry?

Price-To-Sales vs Industry: SPWR is expensive based on its Price-To-Sales Ratio (2.7x) compared to the US Electrical industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is SPWR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPWR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.7x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: SPWR is expensive based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).


Share Price vs Fair Value

What is the Fair Price of SPWR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPWR ($24.66) is trading below our estimate of fair value ($30.63)

Significantly Below Fair Value: SPWR is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

How is SunPower forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


75.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPWR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: SPWR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SPWR is expected to become profitable in the next 3 years.

Revenue vs Market: SPWR's revenue (14.9% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: SPWR's revenue (14.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPWR's Return on Equity is forecast to be high in 3 years time (23.3%)


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Past Performance

How has SunPower performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


59.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPWR is currently unprofitable.

Growing Profit Margin: SPWR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPWR is unprofitable, but has reduced losses over the past 5 years at a rate of 59.3% per year.

Accelerating Growth: Unable to compare SPWR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPWR is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (27.4%).


Return on Equity

High ROE: SPWR has a negative Return on Equity (-29.02%), as it is currently unprofitable.


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Financial Health

How is SunPower's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SPWR's short term assets ($1.1B) exceed its short term liabilities ($903.1M).

Long Term Liabilities: SPWR's short term assets ($1.1B) exceed its long term liabilities ($214.3M).


Debt to Equity History and Analysis

Debt Level: SPWR's net debt to equity ratio (9.7%) is considered satisfactory.

Reducing Debt: SPWR's debt to equity ratio has reduced from 185.9% to 129% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if SPWR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SPWR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is SunPower current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

SunPower Dividend Yield vs Market
How does SunPower dividend yield compare to the market?
SegmentDividend Yield
Company (SunPower)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Electrical)1.9%
Analyst forecast in 3 Years (SunPower)0%

Notable Dividend: Unable to evaluate SPWR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SPWR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SPWR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPWR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SPWR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Peter Faricy (56 yo)

1.42yrs

Tenure

US$8,946,435

Compensation

Mr. Peter T. Faricy has been Independent Director at Blue Apron Holdings Inc. since October 15, 2020. He serves as Chairman of SunPower Corporation since November 01, 2021. He has been Chief Executive Offi...


CEO Compensation Analysis

Peter Faricy's Compensation vs SunPower Earnings
How has Peter Faricy's remuneration changed compared to SunPower's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 03 2022n/an/a

-US$122m

Apr 03 2022n/an/a

US$8m

Jan 02 2022n/an/a

-US$37m

Compensation vs Market: Peter's total compensation ($USD8.95M) is above average for companies of similar size in the US market ($USD6.87M).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

Experienced Management: SPWR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPWR's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SPWR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NasdaqGS:SPWR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
17 Aug 22BuyUS$791,599,122TotalEnergies SECompany131,933,183US$18.00
17 Aug 22SellUS$791,599,086TotalEnergies SECompany175,910,908US$18.00
10 Aug 22SellUS$349,338Vichheka HeangIndividual14,000US$24.95

Ownership Breakdown

What is the ownership structure of SPWR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,197,3990.7%
General Public18,191,18910.4%
Institutions66,748,81138.3%
Public Companies87,955,45650.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 79.6% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.52%
TotalEnergies SE
87,955,456$2.2b0%no data
8.54%
BlackRock, Inc.
14,872,042$366.7m16.24%0.01%
4.7%
The Vanguard Group, Inc.
8,182,137$201.8m1.62%no data
2.67%
State Street Global Advisors, Inc.
4,650,010$114.7m-0.93%0.01%
2.23%
Invesco Capital Management LLC
3,890,111$95.9m-4.19%0.08%
1.44%
D. E. Shaw & Co., L.P.
2,513,767$62.0m-9.05%0.12%
0.88%
Geode Capital Management, LLC
1,532,745$37.8m-1.73%no data
0.8%
Credit Suisse Asset Management (Switzerland)
1,397,028$34.5m-10.62%0.03%
0.7%
Morgan Stanley, Investment Banking and Brokerage Investments
1,226,631$30.2m6.9%0.01%
0.67%
First Trust Advisors LP
1,162,488$28.7m-6.31%0.03%
0.65%
Citadel Advisors LLC
1,134,634$28.0m-21.12%0.04%
0.62%
Northern Trust Global Investments
1,082,250$26.7m-0.41%0.01%
0.58%
Electron Capital Partners, LLC
1,008,636$24.9m0%1.16%
0.51%
Millennium Management LLC
887,523$21.9m370.39%0.03%
0.46%
Cinctive Capital Management LP
799,205$19.7m71.64%0.93%
0.45%
BNY Mellon Asset Management
778,666$19.2m-3.37%no data
0.42%
Deka Investment GmbH
726,000$17.9m0%0.03%
0.41%
Capital Fund Management S.A.
706,293$17.4m106.81%0.49%
0.35%
Goldman Sachs Group, Investment Banking and Securities Investments
617,887$15.2m2.42%0.01%
0.35%
Green Alpha Advisors, LLC
606,538$15.0m523.61%3.47%
0.35%
Susquehanna International Group, LLP, Asset Management Arm
602,642$14.9m46.19%0.03%
0.34%
Charles Schwab Investment Management, Inc.
587,068$14.5m-1.63%no data
0.32%
Norges Bank Investment Management
563,304$13.9m0%no data
0.31%
ALPS Advisors, Inc.
546,760$13.5m-4.59%0.11%
0.31%
Allianz Asset Management AG
539,702$13.3m52.04%0.01%

Company Information

SunPower Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: SunPower Corporation
  • Ticker: SPWR
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: US$4.293b
  • Shares outstanding: 174.09m
  • Website: https://us.sunpower.com

Number of Employees


Location

  • SunPower Corporation
  • 51 Rio Robles
  • San Jose
  • California
  • 95134
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPWRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2011
S9P2DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2011
0R0VLSE (London Stock Exchange)YesCommon StockGBUSDNov 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/07/03
Annual Earnings2022/01/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.