Jefferies initiated coverage of SunPower with a rating of Hold and set a new price target of $5.50
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| 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 |
3 - SUNPOWER CORP (0000867773) (Issuer)
3 - SUNPOWER CORP (0000867773) (Issuer)
3 - SUNPOWER CORP (0000867773) (Issuer)
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs cut the price target for SunPower Corporation (NASDAQ:SPWR) from $2 to $0.5. Goldman Sachs analyst Brian Lee maintained a Sell rating. SunPower shares gained 5.4% to close at $0.7158 on Monday. See how other analysts view this stock. Piper Sandler increased the price target for Cathay General Bancorp (NASDAQ:CATY) from $32 to $36. Piper Sandler analyst Matthew Clark maintained an Underweight rating. Cathay General Bancorp shares gained 2.4% to close at $43.02 on Monday. See how other
Goldman Sachs analyst Brian Lee maintains SunPower (NASDAQ:SPWR) with a Sell and lowers the price target from $2 to $0.5.
SunPower Corporation (NASDAQ:SPWR) shares are volatile Monday. The stock tumbled last week after the company halted shipments and solar installations. The Details: SunPower shares fell more than 70% last week after the company informed clients it was halting product shipments and deactivating lease and power purchase agreements. SunPower cited its efforts to address financial challenges as the reason for these pauses, according to Reuters. Several analysts have downgraded SunPower following the operational halt: GLJ Research analyst Gordon Johnson downgraded SunPower to a Sell and slashed the price target from $1.61 to $0 last Thursday. Citigroup maintained its Sell rating a
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
RICHMOND, Calif., Aug. 12, 2024 /PRNewswire/ -- SunPower Corp. (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that the Company received a notice from the Nasdaq Stock Market LLC ("Nasdaq") that it has determined to delist the Company's common stock on Nasdaq. The delisting is a result of the Company's failure to demonstrate compliance with Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1 as a result of the Company and certain of its direct and indirect subsidiaries filing voluntary petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for
OVERLAND PARK, KS / ACCESSWIRE / August 8, 2024 / Tortoise Capital today announced that SunPower Corp (NASDAQ:SPWR) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of its announced bankruptcy and asset purchase agreement with Complete Solaria, Inc. SPWR will be removed from the index when the market opens on Aug. 9, 2024.Special rebalancing is not required for DCRBN. SPWR will be removed, and its weight distributed pro rata to remaining Index constituents.About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential ass
SC 13D/A - SUNPOWER CORP (0000867773) (Subject)
SC 13D/A - SUNPOWER CORP (0000867773) (Subject)
SC 13G - SUNPOWER CORP (0000867773) (Subject)
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
8-K - SUNPOWER CORP (0000867773) (Filer)
NT 10-Q - SUNPOWER CORP (0000867773) (Filer)
8-K - SUNPOWER CORP (0000867773) (Filer)
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- SolarWinds Corp. (NYSE:SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 9. SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&P SmallCap 600. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector August 9, 2024 S&P SmallCap 600 Addition SolarWinds SWI Information Technology August 9, 2024 S&P SmallCap 600 Deletion SunPower SPWR Industrials For more information about S&P Dow Jones Indices, pleas
Tony Garzolini rejoins the company in a newly created role as SunPower deepens focus on profitability and Dealer experience RICHMOND, Calif., March 14, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced the appointment of residential solar and home energy veteran, Tony Garzolini, as Executive Vice President and Chief Revenue Officer (CRO). In this role, Tony will oversee sales, including the Direct, Dealer and New Homes channels, along with pricing and demand generation. "SunPower made great s
Added 16,000 customers in Q4, 75,900 new customers in FY 2023Reported Q4 revenue of $357 million; FY 2023 revenue of $1.7 billion Reported Q4 GAAP Net Loss of ($124) million and Adjusted EBITDA of ($68) million; FY 2023 GAAP Net Loss of ($247) million and Adjusted EBITDA of ($84) million Announced $175 million of additional capital and $25 million of additional revolving debt capacityRICHMOND, Calif., Feb. 15, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced financial results for the fourth quarter and full year ending December 31, 2023.
Added 20,400 customers in Q2, entering Q3 with backlog of 20,000 retrofit customers and 39,000 New Homes customers Increased GAAP Revenue 11% year-over-year Reported Q2 GAAP Net Loss of ($30) million, Adjusted EBITDA of ($3) million Previously announced updated Guidance to reflect current market conditions SunPower Financial™ to become ADT Solar's exclusive lease and PPA providerRICHMOND, Calif., Aug. 1, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading residential solar technology and energy services provider, today announced financial results for the second quarter, ending July 2, 2023.
Preliminary second quarter GAAP Net Loss of ($30) million, Adjusted EBITDA of approximately ($3) millionPreliminary second quarter customer growth of 20,400 new customersPreliminary second quarter Revenue of $464 million, 11% higher year-over-yearReduced 2023 outlook for customer growth and Adjusted EBITDARICHMOND, Calif., July 26, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today provided preliminary unaudited financial results for the second quarter ending July 2, 2023. "Demand in the second quarter has weakened