SunPower Corporation delivers solar solutions worldwide. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar energy solutions, including sales to its third-party dealer network and resellers, storage solutions, cash and loan sales, and long-term leases directly to end customers; and sells turn-key engineering, procurement, and construction services, as well as sells energy under power purchase agreements. It also offers commercial roof, carport, and ground mounted systems; and post-installation operations and maintenance services. In addition, the company provides residential leasing program services, as well as sells inverters manufactured by third parties. The company also 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 Corporation is a subsidiary of Total Energies Nouvelles Activités USA.
IPO Year:
Exchange: NASDAQ
Website: us.sunpower.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | Neutral → Underperform | Mizuho | |
| 5/15/2024 | $2.00 | Peer Perform → Underperform | Wolfe Research |
| 4/23/2024 | $6.00 | Outperform → In-line | Evercore ISI |
| 2/16/2024 | $1.00 | Neutral → Sell | Guggenheim |
| 1/11/2024 | $5.50 → $4.00 | Positive → Neutral | Susquehanna |
| 1/8/2024 | $6.00 → $4.00 | Equal Weight → Underweight | Wells Fargo |
| 1/4/2024 | Outperform → Mkt Perform | Raymond James | |
| 12/18/2023 | $5.00 → $4.00 | Neutral → Sell | Goldman |
| 12/15/2023 | $5.50 | Hold | Jefferies |
| 11/21/2023 | $5.00 | Neutral | Mizuho |
Mizuho downgraded SunPower from Neutral to Underperform
Wolfe Research downgraded SunPower from Peer Perform to Underperform and set a new price target of $2.00
Evercore ISI downgraded SunPower from Outperform to In-line and set a new price target of $6.00
Guggenheim downgraded SunPower from Neutral to Sell and set a new price target of $1.00
Susquehanna downgraded SunPower from Positive to Neutral and set a new price target of $4.00 from $5.50 previously
Wells Fargo downgraded SunPower from Equal Weight to Underweight and set a new price target of $4.00 from $6.00 previously
Raymond James downgraded SunPower from Outperform to Mkt Perform
Goldman downgraded SunPower from Neutral to Sell and set a new price target of $4.00 from $5.00 previously
Jefferies initiated coverage of SunPower with a rating of Hold and set a new price target of $5.50
Mizuho initiated coverage of SunPower with a rating of Neutral and set a new price target of $5.00
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