SunPower and Sunnova Energy Are Downgraded. Buy Sunrun Instead, Goldman Says. [MarketWatch]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.sunpower.com
Company Research
Source: MarketWatch
Analyst Brian Lee lowered his rating on SunPower (ticker: SPWR ) to Sell from Neutral and decreased his price target to $13 from $19. Most people who can't pay for solar panels in cash upfront secure loans to do so. Consumers also have the option to lease out the panel with a solar provider through a power purchase agreement. Lee believes that solar panel installers that are more reliant on cash and loan sales will be more sensitive to a downturn in consumer demand, while leases could be more resilient in a tighter lending environment. In Lee's view, SunPower is too exposed to cash and loan sales, prompting the downgrade. Lee expects these to continue to account for about 90% of SunPower's overall volumes. It doesn't help that SunPower derives a significant chunk of sales from installations in new homes, which could stall given lagging demand in the housing market, Lee added. “Against a backdrop of softening consumer demand and potentially weaker residential solar growth, we
Show less
Read more
Impact Snapshot
Event Time:
SPWR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPWR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPWR alerts
High impacting SunPower Corporation news events
Weekly update
A roundup of the hottest topics
SPWR
News
- Off-grid Remote Sensing Power System Market To Reach USD 2.8 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Google's Nest Renew is now Renew Home. [Verge, The]Verge, The
- Google's Nest Renew and OhmConnect Combine to Form Renew Home, the Nation's Largest Residential Virtual Power Plant [Yahoo! Finance]Yahoo! Finance
- SunPower Stock Has 87% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- SunPower Stock Is Down 55% This Year. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 4/24/24 - Form 8-K
- SPWR's page on the SEC website