SunPower (SPWR) Stock Forecast, Price Target & Predictions
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
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
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Apr 23, 2024 | Sean Morgan | Morgan Stanley | $6.00 | $2.14 | 180.37% | 114.29% |
Apr 05, 2024 | Biju Perincheril | Susquehanna | $3.00 | $2.85 | 5.26% | 7.14% |
Feb 03, 2023 | - | Wells Fargo | $19.00 | $17.96 | 5.76% | 578.57% |
Jan 31, 2023 | - | Goldman Sachs | $14.00 | $17.43 | -19.68% | 400.00% |
Jan 10, 2023 | - | Morgan Stanley | $25.00 | $17.27 | 44.72% | 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 | $25.86 | 19.88% | 1007.14% |
Aug 08, 2022 | - | J.P. Morgan | $25.00 | $23.96 | 4.34% | 792.86% |
Aug 03, 2022 | - | Raymond James | $25.00 | $21.70 | 15.21% | 792.86% |
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
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 2 | 2 |
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
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
May 15, 2024 | Wolfe Research | Peer Perform | Underperform | Downgrade |
May 14, 2024 | GLJ Research | Sell | Sell | Hold |
Apr 23, 2024 | Evercore ISI | - | Outperform | Downgrade |
Apr 05, 2024 | Susquehanna | Neutral | Neutral | Hold |
Oct 17, 2023 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
Oct 03, 2023 | Raymond James | Outperform | Outperform | Hold |
Jul 12, 2023 | Raymond James | Outperform | Strong Buy | Upgrade |
May 12, 2023 | Wedbush | Neutral | Neutral | Hold |
May 04, 2023 | CFRA | Neutral | Neutral | Hold |
Apr 22, 2023 | Citigroup | Neutral | Neutral | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 |
# Analysts | 15 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 15 | 8 | 8 | 16 | 11 | 19 | 9 | 9 | 8 | 8 | 12 | 17 | 9 | 9 | 9 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 15 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 15 | 8 | 8 | 16 | 11 | 19 | 9 | 9 | 8 | 8 | 12 | 17 | 9 | 9 | 9 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 15 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 15 | 8 | 8 | 16 | 11 | 19 | 9 | 9 | 8 | 8 | 12 | 17 | 9 | 9 | 9 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 15 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 15 | 8 | 8 | 16 | 11 | 19 | 9 | 9 | 8 | 8 | 12 | 17 | 9 | 9 | 9 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 15 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 15 | 8 | 8 | 16 | 11 | 19 | 9 | 9 | 8 | 8 | 12 | 17 | 9 | 9 | 9 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
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
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
SPWR | SunPower | $2.80 | $17.50 | 525.00% | Hold |
SEDG | SolarEdge | $39.86 | $232.38 | 482.99% | Buy |
NOVA | Sunnova Energy | $5.33 | $26.52 | 397.56% | Buy |
RUN | Sunrun | $13.26 | $41.64 | 214.03% | Buy |
MAXN | Maxeon Solar | $1.36 | $3.75 | 175.74% | Sell |
ENPH | Enphase Energy | $124.61 | $216.17 | 73.48% | Buy |
JKS | JinkoSolar | $23.61 | $38.75 | 64.13% | Hold |
CSIQ | Canadian Solar | $17.04 | $24.00 | 40.85% | Buy |
NXT | Nextracker | $59.25 | $56.08 | -5.35% | Buy |
FSLR | First Solar | $273.61 | $221.16 | -19.17% | Buy |
SPWR Forecast FAQ
Is SunPower a good buy?
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.
What is SPWR's price target?
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.
Will SunPower stock go up soon?
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.
Can SunPower stock reach $4?
SPWR's average twelve months analyst stock price target of $17.5 supports the claim that SunPower can reach $4 in the near future.
What are SunPower's analysts' financial forecasts?
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).
Did the SPWR's actual financial results beat the analysts' financial forecasts?
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%