SunPower Inc.

NasdaqGM:SPWR Stock Report

Market Cap: US$95.1m

SunPower Past Earnings Performance

Past criteria checks 0/6

SunPower's earnings have been declining at an average annual rate of -4.9%, while the Electrical industry saw earnings growing at 16.9% annually. Revenues have been growing at an average rate of 62.5% per year.

Key information

-4.89%

Earnings growth rate

22.81%

EPS growth rate

Electrical Industry Growth9.91%
Revenue growth rate62.49%
Return on equityn/a
Net Margin-14.88%
Last Earnings Update29 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Jun 26

SPWR: Convertible Notes And Breakeven Revenue Outlook Will Support Bullish Upside

Analysts have revised their price target on SunPower to $4.70, down from the prior $5.70, to reflect updated views on fair value, along with refreshed assumptions on discount rate, revenue growth, profit margin and future P/E. What’s in the News for SunPower SunPower reported in its 10-K filed on April 14, 2026 that auditor BDO LLP issued an unqualified opinion with an expression of doubt about the company’s ability to continue as a going concern.
Seeking Alpha Jun 04

SunPower: A Covert Beneficiary Of The AI-Driven Energy Boom With Multifold Upside Potential

Summary Rapidly rising AI-driven electricity costs, dwindling competition, and accelerating bookings growth create a uniquely supportive environment for SunPower to thrive. SunPower has rebuilt its core backlog to record levels after depleting the pipeline acquired through acquisition of the old SunPower's assets, resulting in unprecedented visibility on accelerating revenue growth. Wall Street is significantly underestimating SunPower's operating leverage and earnings power as backlog growth translates into higher sales over the coming quarters. SunPower currently trades at just ~2X our forward 12-month EPS projection and 0.6X our 2028 EPS projection, implying >9X near-term upside and >30X upside over the next 18 months. We believe that if SunPower executes on its revenue plan through the end of 2026, CEO T.J. Rogers may seek to sell the business; logical acquirers include Sunrun and Enphase. Read the full article on Seeking Alpha
New Narrative Jun 01

Record Residential Bookings And Cost Discipline Will Support A Stronger Future Trajectory

Catalysts About SunPower SunPower designs, sells, finances, and installs residential and new home solar and battery systems in the United States. What are the underlying business or industry changes driving this perspective?
New Narrative May 18

Anemic Residential Demand And Ongoing Losses Will Pressure Results Before Bookings Eventually Help

Catalysts About SunPower SunPower designs, sells, and installs residential solar and battery systems, with a focus on third party ownership and new home construction. What are the underlying business or industry changes driving this perspective?
Analysis Article Sep 23

Not Many Are Piling Into Complete Solaria, Inc. (NASDAQ:SPWR) Just Yet

Complete Solaria, Inc.'s ( NASDAQ:SPWR ) price-to-sales (or "P/S") ratio of 0.6x might make it look like a buy right...
Analysis Article Mar 04

Complete Solaria, Inc. (NASDAQ:CSLR) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless

To the annoyance of some shareholders, Complete Solaria, Inc. ( NASDAQ:CSLR ) shares are down a considerable 26% in the...
Seeking Alpha Sep 22

Complete Solaria's Strategic Pivot Makes It An Attractive Solar Stock (Rating Upgrade)

Summary Complete Solaria has undergone some turnaround, with new management, fresh capital injections, and strategic asset acquisitions, leading to a stock price rebound above $2. The company has shifted focus to its Systems business, offering turnkey solar solutions, which is expected to improve margins and drive down operational expenses. Recent capital infusions through convertible debentures have bolstered liquidity, enabling the company to scale production and potentially achieve $100 million in quarterly sales. With management guiding for over 30% gross margins and $40 million in quarterly revenue, CSLR’s current valuation appears attractive, warranting a “buy” rating. Read the full article on Seeking Alpha
Analysis Article Mar 08

Complete Solaria, Inc. (NASDAQ:CSLR) Not Doing Enough For Some Investors As Its Shares Slump 27%

Complete Solaria, Inc. ( NASDAQ:CSLR ) shareholders that were waiting for something to happen have been dealt a blow...
Analysis Article Jan 01

Further Upside For Complete Solaria, Inc. (NASDAQ:CSLR) Shares Could Introduce Price Risks After 41% Bounce

Those holding Complete Solaria, Inc. ( NASDAQ:CSLR ) shares would be relieved that the share price has rebounded 41% in...
Analysis Article Nov 17

It's A Story Of Risk Vs Reward With Complete Solaria, Inc. (NASDAQ:CSLR)

You may think that with a price-to-sales (or "P/S") ratio of 0.6x Complete Solaria, Inc. ( NASDAQ:CSLR ) is a stock...

Revenue & Expenses Breakdown

How SunPower makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGM:SPWR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
29 Mar 26294-441890
28 Dec 25300-441560
28 Sep 25305141540
29 Jun 25240-491450
30 Mar 25177-401220
29 Dec 24109-541010
29 Sep 2441-124640
30 Jun 2460-97540
31 Mar 2481-90650
31 Dec 2388-96700
01 Oct 2384-91660
02 Apr 2363-43460
31 Dec 2266-28410
30 Sep 2268-15360
31 Dec 2169-9360
31 Dec 2029-6170

Quality Earnings: SPWR is currently unprofitable.

Growing Profit Margin: SPWR is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SPWR is unprofitable, and losses have increased over the past 5 years at a rate of 4.9% 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 (23.1%).


Return on Equity

High ROE: SPWR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 08:43
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/29
Annual Earnings2025/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SunPower Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas Sellers MericBrean Capital Historical (Janney Montgomery)
Derek SoderbergCantor Fitzgerald & Co.
Auguste RichardNorthland Capital Markets