Sunpower (SPWR)

Headquartered in California'sSilicon Valley, SunPower is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.

Company profile

Ticker

SPWR

Exchange

NASDAQ

Website

www.sunpowercorp.com

CEO

Thomas Werner

Incorporated

Delaware

Location

California

Fiscal year end

Jan 01

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Applied Materials • ST Microelectronics - New York Shares • Broadcom • Marvell Technology • NXP Semiconductors • Marvell Technology ...

SEC CIK

0000867773

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

SunPower North America, LLC • SunStrong Capital Holdings, LLC • SunPower Capital, LLC • SunPower HoldCo, LLC • SunPower Manufacturing • SunPower Systems Mexico ...

IRS number

943008969

SPWR stock data

1M 1Y 5Y

News

From Benzinga Pro

Lyft, Northrop Grumman And 2 Other Stocks Insiders Are Selling

12 Aug 22

U.S. stock futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga Before The Bell: Tesla's China Sales Plunge, Snap Rolls Out Parental Control Features, White House Unaware of Raid On Trump's Mar-a-Lago And Other Top Financial Stories Tuesday, August 9

9 Aug 22

CNBC

US Solar Shipments Suffer Due To Recent Import Ban on China's Xinjiang Region: Report

9 Aug 22

As U.S. authorities crack down on human rights abuses in China's Xinjiang region, which produces about half of the world's supply of a vital component in solar panels, the U.S.

JP Morgan Maintains Underweight on SunPower, Raises Price Target to $25

8 Aug 22

Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022

5 Aug 22

Press releases

From Benzinga Pro

Thinking about buying stock in Applied DNA Sciences, Nutanix, Berkshire Grey, Quoin Pharmaceuticals, or SunPower?

2 Aug 22

NEW YORK, Aug. 2, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for APDN, NTNX, BGRY, QNRX, and SPWR.

SunPower Reports Second Quarter 2022 Results

2 Aug 22

Added a record 19,700 customers in the second quarter, a 51% increase YoY Accelerated revenue growth to 63% YoY Achieved backlog of 53,000 retrofit and new homes customers Delivered strong gross margin: 20% GAAP, 21%

Clearway Energy, Inc. Reports Second Quarter 2022 Financial Results

2 Aug 22

Signed binding agreement to acquire a 413 MW wind portfolioExecuted new Resource Adequacy contracts for Marsh Landing; plant now fully contracted through 2026Reaffirming 2022 financial guidance and raising pro forma CAFD

SunPower to Announce Second Quarter 2022 Results on August 2, 2022

11 Jul 22

INVESTOR ALERT: Kaskela Law LLC Announces Investigation of SunPower Corp. and Encourages Current SPWR Stockholders to Contact the Firm

25 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$21.00

Low target

$13.00

High target

$26.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

2 Aug 22

12 Aug 22

1 Jan 23

Financial summary

Financial statements Chart SPWR financial data

Quarter (USD)	Jul 22	Apr 22	Jan 22	Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	228.65M	228.65M	228.65M	228.65M	228.65M	228.65M
Cash burn (monthly)	(no burn)	(no burn)	12.83M	8.99M	18.61M	15.89M
Cash used (since last report)	n/a	n/a	17.06M	11.96M	24.74M	21.13M
Cash remaining	n/a	n/a	211.59M	216.69M	203.91M	207.52M
Runway (months of cash)	n/a	n/a	16.5	24.1	11.0	13.1

Beta Read what these cash burn values mean

Financial data from Sunpower earnings reports.

Recent insider trades

SPWR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Aug 22	Vichheka Heang	Common Stock	Sell	Dispose S	No	No	24.9527	14,000	349.34K	5,046
10 Aug 22	Douglas J. Richards	Common Stock	Sell	Dispose S	No	Yes	25.9024	23,912	619.38K	23,909
30 Jun 22	Peter Faricy	Common Stock	Payment of exercise	Dispose F	No	No	15.81	21,925	346.63K	142,028
30 Jun 22	Peter Faricy	Common Stock	Option exercise	Acquire M	No	No	0	50,865	0	163,953
30 Jun 22	Peter Faricy	RSU Common Stock	Option exercise	Dispose M	No	No	0	50,865	0	50,865
18 May 22	Mcdaniel Thomas R	Common Stock	Gift	Dispose G	No	No	0	3,643	0	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SPWR institutional ownership history Ownership history

88.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	278	269	+3.3%
Opened positions	44	72	-38.9%
Closed positions	35	39	-10.3%
Increased positions	92	89	+3.4%
Reduced positions	75	57	+31.6%

13F shares	Current	Prev Q	Change
Total value	1.79B	1.83B	-2.1%
Total shares	154.65M	158.1M	-2.2%
Total puts	4.95M	7.86M	-37.0%
Total calls	5.72M	8.94M	-36.0%
Total put/call ratio	0.9	0.9	-1.6%

Largest owners	Shares	Value	Change
TTE TotalEnergies SE	94.91M	$507.51M	0.0%
BLK Blackrock	12.79M	$274.82M	+4.2%
Vanguard	8.05M	$172.96M	-3.7%
STT State Street	4.69M	$100.82M	-4.3%
IVZ Invesco	4.19M	$90.08M	-16.6%
D. E. Shaw & Co.	2.76M	$59.37M	-14.4%
CS Credit Suisse	2.49M	$53.38M	+5.4%
Geode Capital Management	1.56M	$33.5M	+4.9%
Citadel Advisors	1.44M	$30.9M	+52.4%
First Trust Advisors	1.24M	$26.65M	-18.0%

Largest transactions	Shares	Bought/sold	Change
FHI Federated Hermes	35.47K	-2.93M	-98.8%
AMP Ameriprise Financial	122.25K	-843.98K	-87.3%
IVZ Invesco	4.19M	-835.07K	-16.6%
Renaissance Technologies	713.13K	+713.13K	NEW
Norges Bank	0	-563.3K	EXIT
BLK Blackrock	12.79M	+514.36K	+4.2%
Citadel Advisors	1.44M	+494.8K	+52.4%
D. E. Shaw & Co.	2.76M	-466.26K	-14.4%
Susquehanna International	412.23K	-408.45K	-49.8%
Cinctive Capital Management	465.62K	+378.19K	+432.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Kyocera • PANASONIC • Sharp • NRG Energy • First Solar • ABCO Energy • Tesla • Canadian Solar • Yingli Green Energy Holding • Cannonau

Management Discussion

Our Annual Report on Form 10-K for the year ended January 3, 2021 includes a discussion and analysis of our financial condition and results of operations for the year ended December 29, 2019, in Item 7. of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: AG, alleged, aviailability, Branch, CEG, Clearway, copy, covenant, escalation, Freedom, GIP, inflation, Jose, metal, mutually, parent, Pte, redacted, Regulation, resolution, San, settled, signature, similarly, statutory, sublease, Suisse, supplementally, unredacted, York

Removed: achieved, back, China, collection, competition, construction, consumer, cycle, delay, develop, developed, disrupt, downstream, effort, EPC, failure, foundation, frequently, impacted, jointly, manufacture, multiple, negatively, prevent, production, proprietary, prospective, protection, shipping, team, terminated, unable

From filing 10-Q 2022 Q2

Financial reports

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