SunPower (SPWR) Stock Forecast, Price Target & Predictions


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SPWR Stock Forecast


SunPower stock forecast is as follows: an average price target of $17.50 (represents a 525.00% upside from SPWR’s last price of $2.80) and a rating consensus of 'Hold', based on 18 wall street analysts offering a 1-year stock forecast.

SPWR Price Target


The average price target for SunPower (SPWR) is $17.50 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $28.00 to $3.00. This represents a potential 525.00% upside from SPWR's last price of $2.80.

SPWR Analyst Ratings


Hold

According to 18 Wall Street analysts, SunPower's rating consensus is 'Hold'. The analyst rating breakdown for SPWR stock is 0 'Strong Buy' (0.00%), 6 'Buy' (33.33%), 10 'Hold' (55.56%), 2 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

SunPower Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 23, 2024Sean MorganMorgan Stanley$6.00$2.14180.37%114.29%
Apr 05, 2024Biju PerincherilSusquehanna$3.00$2.855.26%7.14%
Feb 03, 2023-Wells Fargo$19.00$17.965.76%578.57%
Jan 31, 2023-Goldman Sachs$14.00$17.43-19.68%400.00%
Jan 10, 2023-Morgan Stanley$25.00$17.2744.72%792.86%
Nov 15, 2022-Deutsche Bank$16.00$22.03-27.37%471.43%
Sep 08, 2022-Goldman Sachs$18.00$27.84-35.36%542.86%
Aug 18, 2022-Morgan Stanley$31.00$25.8619.88%1007.14%
Aug 08, 2022-J.P. Morgan$25.00$23.964.34%792.86%
Aug 03, 2022-Raymond James$25.00$21.7015.21%792.86%
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The latest SunPower stock forecast, released on Apr 23, 2024 by Sean Morgan from Morgan Stanley, set a price target of $6.00, which represents a 180.37% increase from the stock price at the time of the forecast ($2.14), and a 114.29% increase from SPWR last price ($2.80).

SunPower Price Target by Period


1M3M12M
# Anlaysts-22
Avg Price Target-$4.50$4.50
Last Closing Price$2.80$2.80$2.80
Upside/Downside-100.00%60.71%60.71%

In the current month, the average price target of SunPower stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to SunPower's last price of $2.80. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 15, 2024Wolfe ResearchPeer PerformUnderperformDowngrade
May 14, 2024GLJ ResearchSellSellHold
Apr 23, 2024Evercore ISI-OutperformDowngrade
Apr 05, 2024SusquehannaNeutralNeutralHold
Oct 17, 2023Morgan StanleyEqual-WeightUnderweightDowngrade
Oct 03, 2023Raymond JamesOutperformOutperformHold
Jul 12, 2023Raymond JamesOutperformStrong BuyUpgrade
May 12, 2023WedbushNeutralNeutralHold
May 04, 2023CFRANeutralNeutralHold
Apr 22, 2023CitigroupNeutralNeutralHold
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SunPower's last stock rating was published by Wolfe Research on May 15, 2024. The company Downgrade its SPWR rating from "Peer Perform" to "Underperform".

SunPower Financial Forecast


SunPower Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$356.90M$432.00M$463.85M$440.88M$384.53M$475.71M$417.77M$350.28M$341.81M$323.64M$308.93M$306.40M-$274.81M$352.91M$449.19M$603.76M$475.96M
Avg Forecast$485.57M$478.35M$459.94M$410.93M$433.26M$426.54M$402.02M$362.48M$401.14M$388.50M$356.08M$324.46M$364.74M$453.49M$476.32M$419.03M$487.99M$431.08M$362.18M$331.43M$374.70M$328.94M$326.85M$307.28M$354.21M$239.05M$303.11M$446.21M$627.73M$473.37M
High Forecast$485.57M$478.35M$459.94M$410.93M$433.26M$426.54M$402.02M$362.48M$401.14M$388.50M$356.08M$378.64M$450.20M$573.44M$476.32M$419.03M$487.99M$431.08M$362.18M$419.62M$474.40M$416.46M$413.82M$389.03M$448.45M$302.66M$383.76M$564.94M$794.74M$599.31M
Low Forecast$485.57M$478.35M$459.94M$410.93M$433.26M$426.54M$402.02M$362.48M$401.14M$388.50M$356.08M$257.37M$291.56M$371.99M$476.32M$419.03M$487.99M$431.08M$362.18M$248.35M$280.77M$246.48M$244.92M$230.25M$265.41M$179.13M$227.13M$334.35M$470.36M$354.70M
# Analysts158811147710158816111999881217999778711106
Surprise %------------0.98%0.95%0.97%1.05%0.79%1.10%1.15%1.06%0.91%0.98%0.95%1.00%-1.15%1.16%1.01%0.96%1.01%

SunPower's average Quarter revenue forecast for Mar 24 based on 16 analysts is $324.46M, with a low forecast of $257.37M, and a high forecast of $378.64M. SPWR's average Quarter revenue forecast represents a -9.09% decrease compared to the company's last Quarter revenue of $356.90M (Dec 23).

SunPower EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts158811147710158816111999881217999778711106
EBITDA------------$-83.50M$-28.16M$-25.17M$-33.96M$42.07M$156.16M$-20.63M$-3.81M$442.26M$-78.34M$88.40M$-40.37M-$165.71M$40.42M$28.22M$53.03M$28.92M
Avg Forecast$67.84M$66.83M$64.26M$57.41M$60.53M$59.59M$56.17M$50.65M$56.05M$54.28M$49.75M$-176.86M$50.96M$63.36M$66.55M$-160.78M$68.18M$60.23M$262.31M$-127.10M$129.46M$-140.72M$238.47M$-115.55M$49.49M$120.44M$64.06M$36.96M$38.34M$22.02M
High Forecast$67.84M$66.83M$64.26M$57.41M$60.53M$59.59M$56.17M$50.65M$56.05M$54.28M$49.75M$-141.49M$62.90M$80.12M$66.55M$-128.63M$68.18M$60.23M$314.78M$-101.68M$155.35M$-112.58M$286.16M$-92.44M$62.66M$144.53M$76.87M$44.35M$46.01M$26.42M
Low Forecast$67.84M$66.83M$64.26M$57.41M$60.53M$59.59M$56.17M$50.65M$56.05M$54.28M$49.75M$-212.23M$40.74M$51.97M$66.55M$-192.94M$68.18M$60.23M$209.85M$-152.52M$103.57M$-168.87M$190.77M$-138.66M$37.08M$96.35M$51.25M$29.57M$30.67M$17.61M
Surprise %-------------1.64%-0.44%-0.38%0.21%0.62%2.59%-0.08%0.03%3.42%0.56%0.37%0.35%-1.38%0.63%0.76%1.38%1.31%

9 analysts predict SPWR's average Quarter EBITDA for Mar 23 to be $-160.78M, with a high of $-128.63M and a low of $-192.94M. This is -482.16% lower than SunPower's previous annual EBITDA (Dec 22) of $42.07M.

SunPower Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts158811147710158816111999881217999778711106
Net Income------------$-123.90M$-31.95M$-33.07M$-50.85M$20.99M$139.41M$-41.71M$-2.50M$412.48M$-84.31M$75.21M$-49.50M-$109.68M$19.38M$-2.38M$10.98M$-17.44M
Avg Forecast$2.97M$4.31M$2.59M$-226.03K$-2.94M$-1.14M$-6.85M$-11.27M$-9.62M$-15.93M$-33.25M$-199.96M$-44.60M$-1.31M$-11.08M$-181.78M$27.64M$12.73M$223.36M$-143.70M$63.62M$-151.88M$203.06M$-130.64M$453.72M$53.55M$25.04M$-1.90M$4.92M$-20.27M
High Forecast$2.97M$4.31M$2.59M$-226.03K$-2.94M$-1.14M$-6.85M$-11.27M$-9.62M$-15.93M$-33.25M$-159.97M$-31.38M$-1.31M$-11.08M$-145.43M$27.64M$12.73M$268.04M$-114.96M$76.34M$-121.50M$243.67M$-104.51M$544.47M$64.26M$30.05M$-1.52M$5.91M$-16.22M
Low Forecast$2.97M$4.31M$2.59M$-226.03K$-2.94M$-1.14M$-6.85M$-11.27M$-9.62M$-15.93M$-33.25M$-239.96M$-57.81M$-1.31M$-11.08M$-218.14M$27.64M$12.73M$178.69M$-172.44M$50.89M$-182.25M$162.45M$-156.77M$362.98M$42.84M$20.03M$-2.28M$3.94M$-24.33M
Surprise %------------2.78%24.42%2.98%0.28%0.76%10.95%-0.19%0.02%6.48%0.56%0.37%0.38%-2.05%0.77%1.26%2.23%0.86%

SunPower's average Quarter net income forecast for Mar 23 is $-181.78M, with a range of $-218.14M to $-145.43M. SPWR's average Quarter net income forecast represents a -965.89% decrease compared to the company's last Quarter net income of $20.99M (Dec 22).

SunPower SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts158811147710158816111999881217999778711106
SG&A------------$104.86M$83.08M$82.71M$90.88M$76.61M$87.12M$93.04M$77.00M$52.51M$51.17M$56.73M$47.74M-$35.46M$55.97M$65.96M$70.88M$64.73M
Avg Forecast$86.40M$85.12M$81.84M$73.12M$77.10M$75.90M$71.54M$64.50M$71.38M$69.13M$63.36M$197.31M$64.90M$80.70M$84.76M$179.38M$86.84M$76.71M$168.49M$141.80M$241.32M$92.10M$153.17M$128.91M$52.95M$40.29M$60.62M$89.21M$68.75M$107.69M
High Forecast$86.40M$85.12M$81.84M$73.12M$77.10M$75.90M$71.54M$64.50M$71.38M$69.13M$63.36M$236.78M$80.11M$102.04M$84.76M$215.25M$86.84M$76.71M$202.19M$170.16M$289.59M$110.53M$183.81M$154.69M$63.54M$48.35M$72.75M$107.05M$82.49M$129.23M
Low Forecast$86.40M$85.12M$81.84M$73.12M$77.10M$75.90M$71.54M$64.50M$71.38M$69.13M$63.36M$157.85M$51.88M$66.19M$84.76M$143.50M$86.84M$76.71M$134.79M$113.44M$193.06M$73.68M$122.54M$103.13M$42.36M$32.23M$48.50M$71.37M$55.00M$86.15M
Surprise %------------1.62%1.03%0.98%0.51%0.88%1.14%0.55%0.54%0.22%0.56%0.37%0.37%-0.88%0.92%0.74%1.03%0.60%

SunPower's average Quarter SG&A projection for Mar 24 is $197.31M, based on 16 Wall Street analysts, with a range of $157.85M to $236.78M. The forecast indicates a 88.16% rise compared to SPWR last annual SG&A of $104.86M (Dec 23).

SunPower EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts158811147710158816111999881217999778711106
EPS------------$-0.71$-0.18$-0.17$-0.29$0.12$0.80$-0.24$-0.01$2.42$-0.49$0.43$-0.29-$0.64$0.12$-0.01$0.07$-0.12
Avg Forecast$0.02$0.02$0.01$-0.00$-0.02$-0.01$-0.04$-0.06$-0.05$-0.09$-0.19$-0.27$-0.25$-0.01$-0.06$-0.01$0.16$0.07$0.02$0.02$-0.01$0.06$0.04-$0.12$-0.08$-0.24$-0.12$0.16$0.03
High Forecast$0.02$0.02$0.01$-0.00$-0.02$-0.01$-0.04$-0.06$-0.05$-0.09$-0.19$-0.08$-0.18$-0.01$-0.06$-0.01$0.16$0.07$0.02$0.03$-0.00$0.08$0.05$0.01$0.16$-0.06$-0.16$-0.08$0.21$0.03
Low Forecast$0.02$0.02$0.01$-0.00$-0.02$-0.01$-0.04$-0.06$-0.05$-0.09$-0.19$-0.53$-0.33$-0.01$-0.06$-0.01$0.16$0.07$0.02$0.01$-0.01$0.04$0.03-$0.08$-0.11$-0.32$-0.16$0.11$0.02
Surprise %------------2.79%24.12%2.69%24.46%0.76%11.02%-10.81%-0.77%-465.56%-8.36%11.50%-65.73%--7.67%-0.51%0.12%0.45%-4.63%

According to 9 Wall Street analysts, SunPower's projected average Quarter EPS for Mar 23 is $-0.01, with a low estimate of $-0.01 and a high estimate of $-0.01. This represents a -109.88% decrease compared to SPWR previous annual EPS of $0.12 (Dec 22).

SunPower Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SPWRSunPower$2.80$17.50525.00%Hold
SEDGSolarEdge$39.86$232.38482.99%Buy
NOVASunnova Energy$5.33$26.52397.56%Buy
RUNSunrun$13.26$41.64214.03%Buy
MAXNMaxeon Solar$1.36$3.75175.74%Sell
ENPHEnphase Energy$124.61$216.1773.48%Buy
JKSJinkoSolar$23.61$38.7564.13%Hold
CSIQCanadian Solar$17.04$24.0040.85%Buy
NXTNextracker$59.25$56.08-5.35%Buy
FSLRFirst Solar$273.61$221.16-19.17%Buy

SPWR Forecast FAQ


No, according to 18 Wall Street analysts, SunPower (SPWR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 33.33% of SPWR's total ratings.

SunPower (SPWR) average price target is $17.5 with a range of $3 to $28, implying a 525.00% from its last price of $2.8. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SPWR stock, the company can go up by 525.00% (from the last price of $2.8 to the average price target of $17.5), up by 900.00% based on the highest stock price target, and up by 7.14% based on the lowest stock price target.

SPWR's average twelve months analyst stock price target of $17.5 supports the claim that SunPower can reach $4 in the near future.

SunPower's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.62B (high $1.62B, low $1.62B), average EBITDA is $226.94M (high $226.94M, low $226.94M), average net income is $-22.208M (high $-22.208M, low $-22.208M), average SG&A $289.04M (high $289.04M, low $289.04M), and average EPS is $-0.127 (high $-0.127, low $-0.127). SPWR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.83B (high $1.83B, low $1.83B), average EBITDA is $256.35M (high $256.35M, low $256.35M), average net income is $9.64M (high $9.64M, low $9.64M), average SG&A $326.49M (high $326.49M, low $326.49M), and average EPS is $0.055 (high $0.055, low $0.055).

Based on SunPower's last annual report (Dec 2023), the company's revenue was $1.74B, beating the average analysts forecast of $1.71B by 1.60%. Apple's EBITDA was $153.03M, beating the average prediction of $20.09M by 661.72%. The company's net income was $104.71M, missing the average estimation of $-239M by -143.85%. Apple's SG&A was $339.32M, missing the average forecast of $409.74M by -17.19%. Lastly, the company's EPS was $0.6, missing the average prediction of $-0.337 by -278.13%. In terms of the last quarterly report (Dec 2023), SunPower's revenue was $356.9M, missing the average analysts' forecast of $364.74M by -2.15%. The company's EBITDA was $-83.503M, missing the average prediction of $50.96M by -263.86%. SunPower's net income was $-124M, beating the average estimation of $-44.598M by 177.81%. The company's SG&A was $104.86M, beating the average forecast of $64.9M by 61.57%. Lastly, the company's EPS was $-0.71, beating the average prediction of $-0.254 by 179.16%