The Latest Breaking News from SunPower

In an SEC filing Monday, Musk reported owning about 73.5 million shares of Twitter. The stake is valued at $2.89 billion as of Friday's closing price.

Upgrades

SunPower (NASDAQ:SPWR) reported its Q4 earnings results on Wednesday, February 16, 2022 at 04:05 PM. Here's what investors need to know about the announcement.

SunPower (NASDAQ:SPWR) has outperformed the market over the past 5 years by 11.28% on an annualized basis.

UBS analyst Jon Windham upgraded SunPower Corp (NASDAQ:SPWR) to Neutral from Sell with a price target of $17, up from $14. The price target implies that the stock is fairly priced. The analyst notes the company's more balanced risk-reward after its stock price fell 44% over the past three months.  While the outcome of any…

Over the past 3 months, 6 analysts have published their opinion on SunPower (NASDAQ:SPWR) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Shares of SunRun (RUN) and SunPower (SPWR) are both down over 70% from all-time highs, making them potentially attractive to contrarian investors. The accelerated shift towards clean energy solutions should reduce solar energy costs in the upcoming decade and positively impact the top-line of both these companies.

Within the last quarter, SunPower (NASDAQ:SPWR) has observed the following analyst ratings:

SunPower Corp (NASDAQ:SPWR) sees fourth-quarter FY21 revenue within prior guidance of $361 million - $421 million against the consensus of $379.5 million. SunPower sees $27 million of supplier-quality-related charges in Q4 and $4 million in Q1 of 2022 as it pursues recovery of costs from the suppliers. The company intends to fund the…