A History of Outperforming Analyst Forecasts and Beating the Odds: Sunpower Corp (SPWR)

With 7.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.06 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $2.38 whereas the lowest price it dropped to was $2.15. The 52-week range on SPWR shows that it touched its highest point at $12.18 and its lowest point at $1.76 during that stretch. It currently has a 1-year price target of $3.16. Beta for the stock currently stands at 1.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPWR was down-trending over the past week, with a drop of -15.13%, but this was down by -33.53% over a month. Three-month performance dropped to -12.21% while six-month performance fell -41.99%. The stock lost -74.70% in the past year, while it has lost -52.38% so far this year. A look at the trailing 12-month EPS for SPWR yields -1.41 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.19. This implies an EPS growth rate of 33.88% for this year and 77.82% for next year.

Float and Shares Shorts:

At present, 175.48 million SPWR shares are outstanding with a float of 11.52 million shares on hand for trading. On 2024-06-14, short shares totaled 32.88 million, which was 1874.0000000000002 higher than short shares on 1715731200. In addition to Mr. Thomas H. Werner as the firm’s Executive Chairman & Principal Executive Officer, Ms. Elizabeth Eby serves as its Principal Accounting Officer, Executive VP & CFO.

Institutional Ownership:

Through their ownership of 1.39352 of SPWR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, SPWR reported revenue of $nan and operating income of $nan. The EBITDA in the recently reported quarter was $nan and diluted EPS was -$0.71.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPWR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.