SunPower Corporation (SPWR) Report Analysis
Corporate Events
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 2000 Value Index
2022-06-24 00:00:00
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 2000 Value Index
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 3000 Value Index
2022-06-24 00:00:00
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 3000 Value Index
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 2500 Value Index
2022-06-24 00:00:00
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 2500 Value Index
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell Small Cap Comp Value Index
2022-06-24 00:00:00
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell Small Cap Comp Value Index
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 3000E Value Index
2022-06-24 00:00:00
SunPower Corporation(NasdaqGS:SPWR) dropped from Russell 3000E Value Index
Sunpower Corporation Enters into First Amendment to the Cross License Agreement with Maxeon Solar Pte. Ltd
2022-06-14 20:12:00
On June 8, 2022, SunPower Corporation entered into a First Amendment to the Cross License Agreement with Maxeon Solar Pte. Ltd., a Singapore corporation and a wholly owned subsidiary of Maxeon Solar Technologies Ltd. The Amendment amends the Cross License Agreement by and between the Company and Maxeon Solar, dated August 26, 2020, pursuant to which the Company and Maxeon Solar exclusively and non-exclusively licensed certain intellectual property rights. The Amendment provides, in relevant part, for certain adjustments to the scope of Maxeon Solar’s non-exclusive license to the Company. In connection with the Amendment and in anticipation of the expiration of the Collaboration Agreement by and between the Company and Maxeon Solar, dated August 26, 2020, the Company and Maxeon Solar also entered into ancillary agreements providing for the sublease, subject to landlord consent, of the research and development facility located in San Jose, California, the transfer of certain assets, and support to complete a collaboration project that may extend past August 26, 2022.
OhmConnect, Inc. announced that it has received $54.999999 million in funding from a group of investors
2022-06-09 00:00:00
On June 9, 2022, OhmConnect, Inc. closed the transaction. The company received $55 million in a round of funding co-led by new investors ClearSky, TELUS Ventures and returning investor Sidewalk Infrastructure Partners, LLC. The transaction also included participation from new investors Japan Energy Capital 2 L.P., fund managed by Japan Energy Capital G.K., SunPower Corporation, Carrier Global Corporation, returning investors City Light Capital, Elemental Excelerator, Floodgate Fund, LP, Radicle Impact LLC, Citi Impact Fund, a fund managed by Citi Ventures, Inc.
SunPower Corporation Presents at Evercore ISI - Global Clean Energy & Transition Technologies Summit 2022, Jun-14-2022
2022-05-26 12:00:00
SunPower Corporation Presents at Evercore ISI - Global Clean Energy & Transition Technologies Summit 2022, Jun-14-2022 . Venue: New York, New York, United States. Speakers: Peter T. Faricy, Chairman, President & CEO.
IKEA U.S. Joins Forces with SunPower Corp. to Offer Home Solar Solutions in the United States
2022-05-12 13:00:00
IKEA U.S. and SunPower Corp. announced that they are teaming up to make solar energy easier to access. Through this collaboration, members of the IKEA Family customer loyalty program will be able to purchase home solar solutions, available through SunPower, to generate and store their own renewable energy and live more sustainably. Home Solar with IKEA is expected to launch in select California markets in Fall 2022. Home Solar with IKEAcombines the strengths of IKEAretail and knowledge of life at home with the expertise of SunPower, a trusted brand with more than 35 years in the solar industry. SunPower is known for delivering high quality, innovative solar products and making it simple for its customers to switch to renewable energy. SunPower's systems are backed by the company'sindustry-leading Complete Confidence Warranty, which covers everything from panels and racking to monitoring hardware and storage¹. Home Solar with IKEA is just one of the many ways IKEA is working to become circular and climate positive by 2030. In the U.S., IKEA has a robust renewable energy portfolio — including 2 wind farms, 2 solar farms, 2geothermal systems, seven biogas-fuel cells and rooftop solar arrays on 90% of IKEA locations. IKEA U.S. also recently launched the Buy Back & Resell service nationally in 37 store locations. The service gives IKEA Family members the opportunity to sell back their gently used IKEA furniture in exchange for IKEA store credit. Participants will be able to give their furniture a second life through resale in the store's As-Is section, providing an even more sustainable and affordable option for many people.
Sunpower Corporation Announces Resignation of Regan J. MacPherson as Chief Legal Officer, Effective from June 17, 2022
2022-05-11 10:14:00
On May 9, 2022, Regan J. MacPherson notified SunPower Corporation of her intent to resign as Executive Vice President and Chief Legal Officer of the Company. Ms. MacPherson has agreed to continue to serve through a transition period, and her last day with the Company is expected to be June 17, 2022.
SunPower Corporation Provides Earnings Guidance for the Year 2022
2022-05-05 20:05:00
SunPower Corporation provided earnings guidance for the year 2022. Net income for the year 2022 is projected to be in the range of $135 million to $155 million.
SunPower Corporation Presents at ROTH 8th Annual London Conference, Jun-21-2022 through Jun-23-2022
2022-05-03 18:19:00
SunPower Corporation Presents at ROTH 8th Annual London Conference, Jun-21-2022 through Jun-23-2022. Venue: London, United Kingdom. Presentation Date & Speakers: Jun-22-2022, Michael Weinstein, Head of Investor Relations. Jun-23-2022, Manavendra S. Sial, Executive VP & CFO, Michael Weinstein, Head of Investor Relations.
Evercore Inc., International Strategy & Investment Group LLC, Evercore ISI - Global Clean Energy & Transition Technologies Summit 2022, Jun 14, 2022 through Jun 15, 2022
2022-04-27 23:46:00
Evercore Inc., International Strategy & Investment Group LLC, Evercore ISI - Global Clean Energy & Transition Technologies Summit 2022, Jun 14, 2022 through Jun 15, 2022. Venue: New York, New York, United States.
Sunpower Corporation Announces Resignation of Bernadette Baudier as A Member of the Board of Directors
2022-04-27 20:41:00
SunPower Corporation announced that Bernadette Baudier resigned as a member of the Board of Directors of SunPower Corporation, a Delaware corporation, as previously announced was her intent, in connection with her retirement. Ms. Baudier has served as a designee of TotalEnergies Solar INTL SAS (“TotalEnergies Solar,” an affiliate of TotalEnergies SE or “TotalEnergies”), pursuant to the Affiliation Agreement (the “Affiliation Agreement”), dated April 28, 2011, as amended, between TotalEnergies Solar, TotalEnergies Gaz & Electricité Holdings SAS (“TotalEnergies Gaz”), and the Company, and her replacement as TotalEnergies Solar’s designee on the Board will be selected at a later date.
SunPower Corporation Presents at Raymond James LILRB/ILT Symposium, Apr-26-2022 01:30 PM
2022-04-23 06:15:00
SunPower Corporation Presents at Raymond James LILRB/ILT Symposium, Apr-26-2022 01:30 PM.
Raymond James & Associates, Inc., Raymond James LILRB/ILT Symposium, Apr 26, 2022
2022-04-20 20:05:00
Raymond James & Associates, Inc., Raymond James LILRB/ILT Symposium, Apr 26, 2022.
SunPower Corporation Presents at Customer Service & Experience 2022, May-27-2022 02:00 PM
2022-04-16 11:15:00
SunPower Corporation Presents at Customer Service & Experience 2022, May-27-2022 02:00 PM. Venue: San Diego Mission Bay Resort, San Diego, United States. Speakers: Nuala Murphy, VP Customer Support.
Reuters Events, Customer Service & Experience 2022, May 26, 2022 through May 27, 2022
2022-04-16 10:17:00
Reuters Events, Customer Service & Experience 2022, May 26, 2022 through May 27, 2022. Venue: San Diego Mission Bay Resort, San Diego, United States.
SunPower Corporation to Report Q1, 2022 Results on May 05, 2022
2022-04-11 13:05:00
SunPower Corporation announced that they will report Q1, 2022 results at 4:05 PM, US Eastern Standard Time on May 05, 2022
SunPower Corporation, Q1 2022 Earnings Call, May 05, 2022
2022-04-11 13:05:00
SunPower Corporation, Q1 2022 Earnings Call, May 05, 2022
ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022
2022-04-07 20:18:00
ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022. Venue: London, United Kingdom.
SunPower Corporation, Annual General Meeting, May 12, 2022
2022-04-01 20:16:00
SunPower Corporation, Annual General Meeting, May 12, 2022, at 09:00 Pacific Standard Time. Agenda: To consider the re-election of two directors to serve as class ii directors on the board of directors; to consider the approval, in an advisory vote, of named executive officer compensation; to consider the ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2022; and to consider the transaction of such other business as may properly come before the annual meeting or any adjournment or postponement thereof.
SunPower Corporation - Shareholder/Analyst Call
2022-04-01 20:16:00
Annual Meeting of Stockholders
SunPower Corporation - Analyst/Investor Day
2022-03-07 18:04:00
SunPower Corporation - Analyst/Investor Day
OhmConnect, Inc. announced that it expects to receive $54.999999 million in funding
2022-02-14 00:00:00
OhmConnect, Inc. announced that it will issue 15,867,978 series D Preferred stock at an issue price of $3.4661 per share for gross proceeds of $54,999,998.55 on February 14, 2022. The shares are convertible, non-cumulative, participating. The series D shares carry non-cumulative fixed dividend value of $0.2773 per share per annum respectively. The shares will be convertible into common shares at a fixed conversion price of $3.4661 per share.
Aemetis Selects SunPower as Supplier and EPC for Keyes Plant Solar Microgrid, Zero Carbon Intensity Electricity Project; Schneider Electric to Supply Battery Storage and Microgrid Technology
2022-02-07 13:00:00
Aemetis Inc. announced that it has selected and signed definitive agreements with SunPower and Schneider Electric for their grid-connected, solar microgrid comprising an almost 2.0 MW photovoltaic array and a 1.25 MW battery energy storage system that will be integrated with an artificial intelligence (AI)-driven distributed control system at the Aemetis Advanced Fuels biorefinery in Keyes, California. The solar array will generate approximately 3.2 million kW hours per year and reduce GHGs by 8,000 MT CO2e per year. In addition to designing and supplying the photovoltaic solar system, SunPower will serve as the project’s engineering, procurement, and construction (EPC) contractor. A microgrid is a local renewable energy grid with control capability, allowing it to disconnect from the traditional power grid and operate autonomously. The microgrid system is powered by solar power with battery storage to maximize the value of the zero-carbon intensity (CI) electricity and extend hours of power supply. The microgrid creates energy resiliency and will assist with off peak shaving and energy efficiency at the company’s low-carbon ethanol and Renewable Natural Gas (RNG) upgrading and injection facility in Keyes, California. The new AI-enabled control system will run on virtualized servers, reducing the amount of computer hardware by 80%, which will require less power to operate than traditional systems. Virtualized systems do not require changing hardware to upgrade obsolescent operating systems or security changes. The virtual environment will also help reduce planned and unplanned downtime. The $12 million solar microgrid, battery backup and AI-enabled energy system is supported by an $8 million grant awarded to Aemetis by the California Energy Commission.
SunPower Corporation Appoints Vinayak Hegde as Independent Member of the Board
2022-01-03 21:06:00
On December 31, 2021, the Board of Directors of SunPower Corporation appointed Vinayak Hegde as an independent member of the Board. Mr. Hegde fills the vacancy on the Board due to the previously planned and disclosed resignation of Thomas H. Werner on November 1, 2021. Mr. Hegde serves as a Class III director, with a term expiring at the Company’s annual meeting of stockholders to be held in 2023. Mr. Hegde has served as president of Wheels Up since October 2021, after joining the company in May 2021 as its chief marketplace officer. He oversees strategy and execution of initiatives across all aspects of Wheels Up, including revenue accountability, product strategy, technology development, business strategy, sales and member experience, and operations. From July 2020 through March 2021.
SunPower Corporation Appoints June Sauvaget as Chief Marketing Officer
2021-12-28 14:05:00
SunPower Corp. announced the appointment of June Sauvaget as the company's chief marketing officer (CMO). Sauvaget brings more than two decades of experience introducing and scaling global brands into international markets, including her time as global head of consumer & product marketing for Spotify. She introduced the streaming music platform to new audiences, including the launch of the service in Asia, Middle East and Africa. Prior to Spotify, Sauvaget worked with Shiseido and Gap to expand into high-priority emerging markets. Sauvaget will work to cement SunPower's position as an accessible solar and battery storage provider for homeowners of all backgrounds, including communities that have been historically marginalized.
SunPower Corp. Launches SunPower Financial to Make Buying and Owning Solar Easier
2021-12-08 13:05:00
SunPower Corp. announced SunPower Financial™, a financial services institution designed to make renewable energy affordable for more American homeowners. SunPower Financial will also expand access to underserved populations by supporting a new line of financial products featuring expanded eligibility as well as a 0% interest Annual Percentage Rate (APR) product for qualified customers. The U.S. residential solar market is expected to quadruple by 2030 with roughly one in eight American homes having solar, according to Wood Mackenzie. With SunPower Financial solutions, homeowners can go solar with no down payment required, lower monthly payments, higher credit limits, and a faster application process. Key advantages for qualified customers include: Up to a $150,000 credit limit for well-qualified customers, a $50,000 increase from prior offerings; A radically simplified application process with faster approval times; Expanding eligibility to customers with credit scores of 600+; Financial offerings for shared roofs, leased land, accessory dwelling units and mobile homes. SunPower Financial also offers a 0% APR for up to 25 years for qualified residential solar and storage customers in select regions. Taken together, these offerings represent the first step toward the company's 25x25 commitments to increase access for residential customers who live in historically marginalized communities by 25% by 2025.
SunPower Corporation Presents at Capital One Securities, Inc. 16th Annual Energy Conference, Dec-06-2021 01:30 PM
2021-11-19 12:55:00
SunPower Corporation Presents at Capital One Securities, Inc. 16th Annual Energy Conference, Dec-06-2021 01:30 PM. Speakers: Manu Sial, EVP & CFO.
SunPower Corp. Launches Virtual Power Plant to Help Stabilize Grid with Clean Energy and Save Consumers More Money with Solar and Storage
2021-11-16 14:00:00
SunPower Corp. announced the launch of its Virtual Power Plant (VPP) solution, enabling SunVault™ energy storage customers to get paid for allowing the utility to use stored energy during peak demand and contribute to a more stable power grid in their community. During hours of peak energy demand, like a hot summer day when many air conditioning units turn on at the same time, utilities need additional resources to meet increased demand and simultaneous energy needs. VPPs can enable utilities to extract this energy from efficient, renewable energy resources like distributed solar and energy storage and disperse it among all grid-connected customers to create a more stable and sustainable source of power. Through the SunPower VPP, SunPower will coordinate the charge and discharge of participating customers' battery, sharing energy to the utility on their behalf while reserving some electricity in the battery for backup power to the home when needed. Customers will be notified prior to discharging the battery and can choose to bypass or pre-set their system so their personal backup does not fall below a certain level. In return, customers are compensated by the utility for their participation. SunPower's first VPP offering, ConnectedSolutions, is available to qualifying customers served by Eversource and National Grid in Massachusetts, Rhode Island and Connecticut. Enrollment is open now and can be completed with just a few clicks. Those enrolled in ConnectedSolutions will have the opportunity to participate during their local utilities' VPP season, running June through September each year. SunPower passes through all grid payments directly to participants, who can earn hundreds of dollars per year in exchange for allowing the utility to discharge their battery during times of peak energy demand. State policies alongside federal incentives and falling technology costs have spurred growth of solar in New England according to the 2021 Regional Electricity Outlook. ISO-NE, the organization overseeing the region's clean energy transition to ensure a sustainable and cost-competitive resource mix, leverages solar and battery storage to provide a third of the grid's power. With solar systems, batteries, and now its VPP program, SunPower is enabling more New England residents to help stabilize the grid with renewable energy. To sign up for the SunPower ConnectedSolutions VPP, customers must have a SunVault storage system. SunVault, now available nationwide for those with a SunPower Equinox® solar system, is designed to provide homeowners power to essential loads including lighting, plug loads and kitchen appliances during outages or shut-offs. Users can also achieve additional electricity bill savings by using stored energy during peak times when utility rates are the highest or selling excess energy back to the grid. SunVault is available in 13kWh and 26kWh sizes and is compatible with SunPower Equinox solar systems. Benefits include: Uses lithium iron phosphate chemistry designed for superior safety, longevity and durability. Offers flexible configuration; a typical install requires only two, sleek boxes. Detects utility disruptions and seamlessly switches to backup automatically. Allows customers to track home energy use, solar, and storage in one place with the mySunPower™ app.
SunPower Seeks Acquisitions
2021-11-03 20:30:00
SunPower Corporation (NasdaqGS:SPWR) is seeking acquisitions. Peter Faricy Chief Executive Officer said during the Third Quarter 2021 Results Conference Call, "We have a number of opportunities that I think are attractive in front of us. Acquisitions are only one of those opportunities. Obviously, we have a number of opportunities that we can also fund ourselves like the ones we were describing with financial products and hardware products and customer experience. So it will be a combination of both organic and acquisition opportunities. But there's no question that we're going to be a lean-forward company here in the residential space and growing very fast".
SunPower Corporation Announces Board Changes
2021-11-03 20:07:00
SunPower Corporation announced on November 1, 2021, as previously planned and disclosed, Thomas H. Werner resigned from the Board, and as Chairman of the Board. The seat previously held by Mr. Werner will be filled pursuant to the Amendment, with a Disinterested Director appointed by the Board. Mr. Werner is expected to continue to advise the Board on policy and legacy operations matters for a period of time. Also as previously planned and announced, Peter Faricy was appointed as Chairman of the Board effective upon Mr. Werner's resignation from such position.
SunPower Corporation Revises Earnings Guidance for the Full Year of 2021
2021-11-03 20:05:00
SunPower Corporation revised earnings guidance for the full year of 2021. For the year, the company expects revenue and Adjusted BITDA guidance, including CIS and Legacy business, is below the prior guidance of $1,410 to $1,490 and $110 to $130 million, respectively, primarily due to CIS project schedule delays impacting both revenue and Adjusted EBITDA and lower revenues from Light Commercial.
SunPower Corporation Provides Earnings Guidance for the Fourth Quarter of 2021
2021-11-03 20:05:00
SunPower Corporation provided earnings guidance for the fourth quarter of 2021. For the quarter, the company expects GAAP revenue guidance, excluding CIS and Legacy business, is $330 million to $380 million, Separately for CIS and Legacy business, fourth quarter revenue guidance is $31 million to $41 million and net loss (GAAP) of $5 million to net income (GAAP) of $15 million.
Sunpower Corporation Announces Board Changes
2021-10-21 20:05:00
On October 20, 2021, Denis Toulouse resigned from the Board of Directors of SunPower Corporation and on October 20, 2021, the Board appointed Nathalie Portes-Laville to serve as a member of the Board. Mr. Toulouse had served as a designee of TotalEnergies Solar INTL SAS and Ms. Portes-Laville is replacing Mr. Toulouse as TotalEnergies Solar’s designee on the Board. Ms. Portes-Laville serves as a vice president in corporate and project finance for TotalEnergies, based in Paris, France. She has held various positions in finance within TotalEnergies for the past 15 years, first in mergers and acquisitions, then in strategy for the Marketing and Services division of TotalEnergies. She has also served as chief financial officer of TotalEnergies Marketing Puerto Rico, as head of individual shareholders’ relations and as head of pension and employee benefits. Ms. Portes-Laville serves as a Class I director, to serve until the Company’s annual meeting of stockholders to be held in 2024.
SunPower and The New Home Company Create Sustainable, Energy Independent Community with Solar, Energy Storage and Electric Vehicle Charging in Every Home
2021-10-14 13:00:00
SunPower Corp. and The New Home Company announced that NEW HOME is making solar systems, battery storage and at-home electric vehicle (EV) chargers standard features in its newest community, Eureka Grove. All 72 homes in the Granite Bay, California community will include a SunPower Equinox® rooftop solar system, 13 kWh SunVault™ energy storage system and Wallbox Pulsar Plus EV charger, creating a comprehensive energy management solution for the modern homebuyer. With solar and storage, homeowners can generate electricity from their roofs, deploy stored energy during utility peak times when rates are the highest, and power essential loads during an outage. Homeowners can also leverage solar systems to power their Wallbox EV chargers, making charging more convenient and sustainable. SunPower Equinox systems generate more power in less space with fewer visible parts than conventional solar systems. SunVault batteries are made with lithium iron phosphate chemistry, which is designed to be safer and more resilient to heat and oxygen exposure than typical lithium-ion batteries. SunPower is a preferred installation provider for Wallbox and will manage the home EV charger installation in the Eureka Grove community. Wallbox's Pulsar Plus chargers come with a standard J1772 EV plug, an app allowing scheduled charging, and power sharing for two or more chargers with adjustable current output, making them a fit for all EV models. After moving in, Eureka Grove residents can power their home with solar, have backup with battery storage, and charge their vehicle without adding pressure on the grid. Homes with these features are available for purchase today and come equipped with additional tech-forward and environment-friendly features including energy-efficient appliances and vinyl dual-pane windows for improved insulation.
SunPower Corporation, Q3 2021 Earnings Call, Nov 03, 2021
2021-10-05 20:05:00
SunPower Corporation, Q3 2021 Earnings Call, Nov 03, 2021
SunPower Corporation to Report Q3, 2021 Results on Nov 03, 2021
2021-10-05 20:05:00
SunPower Corporation announced that they will report Q3, 2021 results at 1:05 PM, Pacific Standard Time on Nov 03, 2021
Blue Raven Solar, LLC, SunPower Corporation - M&A Call
2021-10-05 11:30:00
To discuss the acquisition of Blue Raven Solar by SunPower Corp
SunPower Corporation (NasdaqGS:SPWR) acquired Blue Raven Solar, LLC and Albatross Software LLC from a group of investors for approximately $170 million.
2021-10-05 00:00:00
SunPower Corporation (NasdaqGS:SPWR) acquired Blue Raven Solar, LLC and Albatross Software LLC from a group of investors for approximately $170 million on October 4, 2021. SunPower acquired 100% and 35% stake in Blue Raven Solar, LLC and Albatross Software LLC, respectively from Peterson Partners VII, L.P., a fund managed by Peterson Partners LP, Jenny Lynn Lee, as Trustee of The Keyhole Canyon Trust, Michael R. Cahill, as Trustee of The Skein Trust and as Trustee of The Gosling Trust, Jeffrey Lee, Benjamin Peterson, Michael Rands and The Church of Jesus Christ of Latter-day Saints. Pursuant to the Purchase Agreement, the company agreed to pay to the sellers up to $145 million in initial cash consideration, which amount is subject to a customary working capital adjustment. The Purchase Agreement also provides that the company will make certain cash payments to Blue Raven employees and service providers, which are included in the aggregate purchase price, in accordance with retention agreements entered into between such individuals and Blue Raven. Additionally, Peterson and Rands have agreed to defer portions of the amounts to be paid to them at closing, which amounts shall be paid on the 18-month anniversary of the closing, subject to certain conditions, including that each of Peterson and Rands continue to be employed by Blue Raven on the 18-month anniversary of the closing. The company has also agreed to make an additional cash payment of up to $20 million based on Blue Raven’s revenue for the period beginning on September 13, 2021 and ending June 19, 2022. The Contingent Payment will increase linearly from $0 up to a maximum of $20 million upon Blue Raven’s achievement of a minimum of 75% of the aggregate revenue amounts agreed to among the parties. The consideration was funded with operating cash and the sale of 1 million of SunPower's Enphase shares for $178 million proceeds. Nomura Greentech acted as an Exclusive Financial Advisor to Blue Raven Solar on its deal with SunPower Corp Blue Raven reported revenues of $136 million and EBITDA margin of 10% for the last twelve months. Blue Raven Chief Executive Officer Ben Peterson will join SunPower’s executive team, and the company expects to build upon Blue Raven’s current employee and contractor relationships. The acquisition represents EBITDA accretion from day 1 even without synergies. SunPower Corporation (NasdaqGS:SPWR) completed the acquisition Blue Raven Solar, LLC and Albatross Software LLC from a group of investors on October 4, 2021.
SunPower Corporation(NasdaqGS:SPWR) added to S&P 400
2021-10-05 00:00:00
SunPower Corporation(NasdaqGS:SPWR) added to S&P 400
SunPower Corporation(NasdaqGS:SPWR) added to S&P Composite 1500
2021-10-05 00:00:00
SunPower Corporation(NasdaqGS:SPWR) added to S&P Composite 1500
SunPower Corporation(NasdaqGS:SPWR) added to S&P 400 Information Technology (Sector)
2021-10-05 00:00:00
SunPower Corporation(NasdaqGS:SPWR) added to S&P 400 Information Technology (Sector)
SunPower Corporation(NasdaqGS:SPWR) added to S&P 1000
2021-10-05 00:00:00
SunPower Corporation(NasdaqGS:SPWR) added to S&P 1000
SunPower Corporation Launches 25X25 Initiative to Make Renewable Energy More Accessible for Historically Marginalized Communities
2021-09-30 20:05:00
SunPower Corp. launched SunPower 25X25, its new justice, diversity, equity and inclusion (JDE&I) commitments designed to ensure the resiliency and economic benefits of distributed solar and battery storage serve American families, job-seekers and businesses that have been historically marginalized. The commitments include ambitious targets with initiatives to achieve them by 2025 – spanning workforce diversity, solar access expansion and dealer diversity programs. SunPower's new commitments align with justice, diversity, equity and inclusion commitments made by the Biden administration, as well as the historic Justice40 Initiative, which commits 40% of the benefits of federal climate and clean energy investments to disadvantaged communities. SunPower is committed to achieving the following targets by 2025: Increasing workforce diversity: 40% of its workforce represented by women; 25% of its workforce represented by Black and Hispanic/Latinx people. Emphasis will be placed on workforce development programs for the company's growing residential installation teams across the country; Expanding access for customers: 25% of its U.S. residential customers made up by people who live in historically marginalized communities. Includes the development of a new program to provide low-income customers with no interest loans; Ensuring industry equity: 25% of the dealers and subcontractors it works with will be owned by women and people of color. Includes establishment of a new dealer diversity program and creation of new partnerships with minority-owned business organizations. These efforts build upon SunPower's diversity pledge and the company will report progress annually in its Environmental, Social and Governance report.
SunPower Corporation Presents at Kafka Summit 2021, Sep-15-2021 01:00 PM
2021-09-11 05:22:00
SunPower Corporation Presents at Kafka Summit 2021, Sep-15-2021 01:00 PM. Speakers: Patrick Franz.
Confluent, Inc., Kafka Summit 2021, Sep 14, 2021 through Sep 15, 2021
2021-08-31 12:08:00
Confluent, Inc., Kafka Summit 2021, Sep 14, 2021 through Sep 15, 2021.
Sunpower Corporation Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2021
2021-08-03 20:05:00
SunPower Corporation provided earnings guidance for the third quarter and full year of fiscal 2021. For the quarter, the company expects GAAP revenue of $325 to $375 million, GAAP net loss of $10 to $0 million and MW recognized of 125 MW to 150 MW.For fiscal year 2021, the company expects GAAP revenue of $1.41 to $1.49 billion, GAAP net income of $40 to $60 million and MW recognized of 540 MW to 610 MW.
SunPower and Wallbox Team Up to Integrate Solar and Home Electric Vehicle Charging
2021-07-29 12:00:00
SunPower Corp. announced it is teaming up with Wallbox to make the switch to an electric lifestyle more convenient, affordable, and sustainable. Through the strategic alliance, new SunPower customers can opt to install a Wallbox home EV charger at the same time as their solar and/or storage system installation. SunPower will also act as a preferred solar and storage provider and EV charger installation provider for Wallbox customers. Consumer adoption of EVs and solar energy is growing rapidly. Deloitte predicts that EV sales are expected to grow from 2.5 million in 2020 to more than 31 million by 2030, accounting for approximately 32% of new car sales. Following record growth in 2020, Wood Mackenzie predicts residential solar installations will grow 13 percent in 2021 alone. With strong consumer overlap — nearly 40 percent of EV drivers also have solar — SunPower and Wallbox will help meet growing demand for these products by integrating EV infrastructure into solar equipped homes. To travel 100 miles, the average EV requires the same amount of electricity an average American home uses each day to run appliances, computers, lights, heat and air conditioning, according to Pew Research. With approximately 80% of car charging happening at home, leveraging solar power to charge an EV — rather than powering it with energy generated from fossil fuels — is more environmentally friendly, reduces strain on an already taxed grid, and can help homeowners reduce electricity costs. For SunPower customers interested in installing a Wallbox charger, SunPower will assess the user's home and electrical system to ensure it is compatible with home EV charging. Wallbox's Pulsar Plus chargers come with a standard J1772 EV plug, an app allowing scheduled charging, and power sharing for two or more chargers with adjustable current output, making them a fit for all EV models. As a preferred installer for Wallbox, SunPower expects to provide EV charging station installation services for Wallbox customers in regions where SunPower has installers and plans to expand its installation capacity in North America. EV charging customers without solar will also have the opportunity to add solar or storage to their homes through SunPower. SunPower and Wallbox are currently exploring options for developing products and experiences to further integrate solar power with EV. Current discussions include backup power solutions and incorporating Wallbox's pioneer bi directional charging technology into SunPower systems.
SunPower and Woodside Homes Teams Up to Create Sustainable, Resilient Communities with Solar and Battery Storage
2021-07-14 13:00:00
SunPower Corp. and Woodside Homes announced that Woodside Homes is now offering SunPower® solar and SunVault™ battery storage systems to owners and buyers in all its Northern California communities. As grid shortages and planned blackouts continue to impact Northern California residents, the companies are responding to soaring demand for more sustainable and reliable energy. SunPower is Woodside Homes' exclusive solar and storage partner in the region. Demand for home energy storage is soaring across the U.S.; the residential market installed 110.2 MW of storage capacity in First Quarter 2021 according to the latest Wood Mackenzie report. This trend is evident in the new homes market, with nearly 1 in 3 Woodside Homes customers now requesting to add energy storage to their home. To answer this strong demand, Woodside Homes announced that it will make SunVault a standard feature in every home in its newest subdivision coming soon to Placer County, Calif. All 128 homes in Brady Vineyards will come with rooftop solar and a 13 kWh SunVault storage system installed as a standard feature. SunVault will be designed to provide power during grid outages to essential loads, including lighting, plug loads and kitchen appliances. Homeowners can see additional electricity bill savings by using their stored energy during peak times when utility rates are the highest or selling excess energy back to the grid. New homes at Brady Vineyards are expected to start selling in the spring of 2022. Solar-equipped Woodside Homes are fitted with SunPower Equinox® systems, which generate more power in less space with fewer visible parts than traditional solar electric systems. SunVault batteries are made with lithium iron phosphate chemistry, which is designed to be safer and more resilient to heat and oxygen exposure than typical lithium-ion batteries.
Stardust Solar First Company to Become Authorized Sunpower Dealer in Canada
2021-07-12 13:08:00
Victory Square Technologies Inc. announced that its portfolio company Stardust Solar has become the first and only coast to coast authorized Canadian dealer of the highly sought after solar and energy services provider, SunPower. As an Authorized SunPower Dealer, Stardust will offer its SunPower solar solutions to residential customers including SunPower’s DC solar panels and InvisiMount mounting hardware for faster installation and design. A solar leader since 1985 with over 360,000 homeowners powering their homes with SunPower systems, California-based SunPower is a vertically integrated provider of the world’s leading solar systems. SunPower’s solar panels are the most efficient, durable and best looking available in the industry, supported under one comprehensive warranty. Leading public and private companies have chosen SunPower to provide solar cells including thousands of respected companies in technology, education and government among others. This agreement is a gamechanger for Stardust Solar as it continues its rapid growth throughout the Canadian marketplace. The Company now has over eight distribution channels from coast to coast in Canada. As SunPower dealer, Stardust will offer residential SunPower brand products including Maxeon technology. This is a National distribution agreement for Stardust Solar with operations across Canada including in Burnaby BC, Kamloops BC, Edmonton Alb, Regina Sk, Barrie Ont, Montreal Que and Halifax NS. SunPower offers 25-year warranty on its solar panels, leading the way in Canada. Stardust Solar is planning to file its preliminary prospectus with BCSC in Third Quarter of this year and plans for public listing prior to year end 2021.
SunPower Corporation to Report Q2, 2021 Results on Aug 03, 2021
2021-07-07 20:05:00
SunPower Corporation announced that they will report Q2, 2021 results at 4:05 PM, US Eastern Standard Time on Aug 03, 2021
SunPower Corporation, Q2 2021 Earnings Call, Aug 03, 2021
2021-07-07 20:05:00
SunPower Corporation, Q2 2021 Earnings Call, Aug 03, 2021
Fundamental Summary
At a high level, the metrics from SunPower's Q1 financial report release were demonstrably negative. Specifically, their growth and value factors indicate an execution challenge when it comes to generating exciting and consistent growth. These results suggest a challenging future for SunPower's stock. We gave SunPower a 56 rating and a UNDERPERFORM recommendation.
SunPower reported earnings results for the third quarter and nine months ended October 03, 2021. For the third quarter, the company reported sales was USD 319.9 million compared to USD 268.9 million a year ago. Revenue was USD 323.64 million compared to USD 274.81 million a year ago. Net loss was USD 84.38 million compared to net income of USD 44.63 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to basic earnings per share from continuing operations of USD 0.64 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to diluted earnings per share from continuing operations of USD 0.57 a year ago. Basic loss per share was USD 0.49 compared to basic earnings per share of USD 0.26 a year ago. Diluted loss per share was USD 0.49 compared to diluted earnings per share of USD 0.24 a year ago.For the nine months, sales was USD 927.02 million compared to USD 769.25 million a year ago. Revenue was USD 938.96 million compared to USD 783.02 million a year ago. Net loss was USD 57.55 million compared to net income of USD 62.57 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to basic earnings per share from continuing operations of USD 1.1 a year ago. Diluted loss per share from continuing operations was USD 0.33 compared to diluted earnings per share from continuing operations of USD 0.99 a year ago. Basic loss per share was USD 0.33 compared to basic earnings per share of USD 0.37 a year ago. Diluted loss per share was USD 0.33 compared to diluted earnings per share of USD 0.37 a year ago.
Business Description
SunPower, 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. It also offers commercial roof, carport, and ground mounted systems; and post-installation monitoring and maintenance services. In addition, the company provides residential leasing services, as well as sells inverters manufactured by third parties. It primarily serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower is a subsidiary of TotalEnergies SE.
Sector Overview
SunPower is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. SunPower's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 2.0 | 120.9% | 72 | |
| Net Cashflow | -66.9 | 31.9% | 84 | |
| Capital Expenditure | -15.8 | -61.9% | 39 | |
| Asset Turnover | 0.9 | 9.5% | 93 | |
| Free Cashflow | -0.8 | -128.7% | 41 |
* All values are TTM
The below chart reflects SunPower's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While SunPower's peer average final assessment score stands on 69.0, SunPower's score is 56.
- SPWR
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. SunPower's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), SunPower's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.
5D MA
17.38
50D MA
17.4
200D MA
21.35
MACD
-0.01
RSI
9.51
STOCH
62.61
Balance Sheet Analysis
SunPower appears likely to maintain its strong balance sheet metrics and momentum going forward. SunPower's management was effective in improving its cash and cash equivalents metrics, which now sit at 142.2. This represents 11.9% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 83. Also, The company's assets section could set high expectations for SunPower's future attractiveness, as they went to 1570.8, which is a 1.0% change from the last period. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their asset movement received a grade of 81. That said, one metric, Equity, stood out as particularly concerning. SunPower management produced disappointing equity metrics this period, which stood at 358.6, representing a -7.7% change. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 42. Its balance sheet, therefore, earned a score of 61.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 1,570.8 | 1.0% | 81 |
| Liabilities | 1,211.1 | 4.0% | 72 |
| Price to Book | 8.7 | -9.5% | 53 |
| Cash & Equivalents | 142.2 | 11.9% | 83 |
| Equity | 358.6 | -7.7% | 42 |
The below chart describes SunPower's performance as reflected on its balance sheet with respect to its peers. While SunPower received a balance sheet score of 61, the average of its peers stands on 61.0.
- SPWR
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 4 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 8 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 9 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 19 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 21 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 24 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 33 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 36 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 38 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 42 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 47 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 50 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 55 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
SunPower's most recent income statement report was not encouraging. SunPower's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 1.8, which represents a -80.0% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. SunPower appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Its EBITDA movement, therefore, received a grade of 43. Also, SunPower reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 1433.6 and represented 8.3% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. As a result, their revenue efficiency earned a score of 49. However, we can draw some encouragement from SunPower's momentum in cash_flow generation. Return factors metrics and ratios were exceptional in this report. SunPower reported a return on equity (ROE) ratio of 2.0, representing a change of 120.9% from the last report. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 72. The companie's income statement, therefore, earned a score of 49.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 1.8 | -80.0% | 43 |
| Total Revenues | 1,433.6 | 8.3% | 49 |
| Return on Equity | 2.0 | 120.9% | 72 |
The below chart describes SunPower's performance as reflected on its income statement with respect to its peers. While SunPower received a income statement score of 49 , the average of its peers stands on 72.0.
- SPWR
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 0 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 4 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 8 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 9 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 19 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 21 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 24 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 33 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 36 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 38 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 42 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 47 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 50 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 55 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 61 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 64 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Overall, SunPower's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. SunPower's published asset turnover numbers were encouraging and reflected management's balanced change strategy. SunPower recorded asset turnover of 0.9, which represents a 9.5% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 93. Also, SunPower's management was effective in improving their net cash flow, which now sits at -66.9 and represents a 31.9% change from the previous report. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Hence, its net cash flow earned a score of 84. On the other hand, Capital Expenditure, jumped out as looking rather underwhelming. SunPower's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. SunPower recorded CapEx of -15.8, which represents a -61.9% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Its CapEx movement, therefore, received a grade of 39. Consequently, their cash flow earned a score of 74.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -66.9 | 31.9% | 84 |
| Capital Expenditure | -15.8 | -61.9% | 39 |
| Asset Turnover | 0.9 | 9.5% | 93 |
| Free Cashflow | -0.8 | -128.7% | 41 |
The below chart describes SunPower's performance as reflected on its cash flow with respect to its peers. While SunPower received a cash flow score of 74, the average of its peers stands on 70.0.
- SPWR
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 4 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 8 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 9 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 19 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 21 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 24 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 33 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 35 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 36 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 38 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 42 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 47 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 50 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 55 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 64 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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