Steady Demand Growth Could Drive SunPower Stock To $30 [Forbes]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Forbes
BRAZIL - 2021/03/19: In this photo illustration the SunPower Corporation logo seen displayed on a... [+]smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Up around 7x from its low in March 2020, at the current price of $23 per share, we believeSunPower stockWhat Factors Drove 614% Change In SunPower Stock Between 2018 And Now?Stock PricesTrefisSPWR stock’s rise since late 2018 came despite an 7% drop in revenues from $1.2 billion in FY 2018 to $1.13 billion in FY 2020. Combined with a 20% rise in the outstanding share count, RPS (revenue-per-share) dropped 22% from $8.54 to $6.63 over this period.However, SunPower’s P/S (price-to-sales) multiple rose from 0.4x in 2018 to 3.9x by 2020 end, but has since dropped to 3.5x. We believe that the company’s P/S ratio has the potential to rise further in the near term on expectations of continuing demand growth and a favorable shareholder return policy, thus driving the stock price higher.Where I
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SPWR
News
- Enphase Energy and SunPower: Solar stocks sliding [Yahoo! Finance]Yahoo! Finance
- It's a cloudy day for SunPower. [Verge, The]Verge, The
- SunPower to Cut Almost One-Third of Workforce [BNN Bloomberg (Canada)]BNN Bloomberg
- SunPower to cut jobs, shut business segments in restructuring plan [Seeking Alpha]Seeking Alpha
- Solar company SunPower to reduce workforce, shut business segments [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- SPWR's page on the SEC website