Sunpower Stock News

SAN JOSE, Calif., Feb. 16, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced financial results for its fourth quarter ended January 2, 2022 in line with the preliminary results shared last month. As previously…

SunPower Corporation (SPWR) CEO Peter Faricy on Q4 2021 Results - Earnings Call Transcript

SunPower (SPWR) delivered earnings and revenue surprises of -275% and 1.35%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

SunPower (NASDAQ: SPWR ) has outperformed the market over the past 5 years by 11.28% on an annualized basis. Buying $1,000 In SPWR: 5 years ago, an investor could have purchased 178.01 shares of SunPower at the time with $1,000. This investment in SPWR would have produced … Full story available on Benzinga.com

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 … Full story available on Benzinga.com

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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 2 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 2 0 According to 6 analyst offering 12-month price targets in the last 3 months, SunPower has an average price target of $33.17 with a high of $86.00 and a low of $17.00. Below is a summary of how … Full story available on Benzinga.com

Upgrades For Blue Bird Corp (NASDAQ: BLBD ), Roth Capital upgraded the previous rating of Neutral to Buy. Blue Bird earned $0.07 in the first quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $28.90 and a 52-week-low of $13.79. At the end of the last trading period, Blue Bird closed at $17.12. For GreenPower Motor Company Inc (NASDAQ: GP ), Roth Capital upgraded the previous rating of Neutral to Buy. GreenPower Motor Co earned $0.13 in the third quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.50 and a 52-week-low of $4.91. GreenPower Motor Co closed at $6.06 at the end of the last trading period. B of A Securities upgraded the previous rating for DTE Energy Co (NYSE: DTE ) from Underperform to Buy. In the fourth quarter, DTE Energy showed an EPS of $1.05, compared to $1.39 from the year-ago quarter. The stock has a 52-week-high of $145.43 and a 52-week-low of $108.22. At the end of the last trading period, DTE Energy closed at $116.05.

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.

Tuesday''s top analyst upgrades and downgrades included Alaska Air, Allstate, Annaly Capital Management, Cisco Systems, DigitalBridge, Gap, Opendoor Technologies, PepsiCo, SunPower, Texas Instruments, U.S. Bancorp and Zendesk.

An investigation for investors in SunPower Corporation (NASDAQ:SPWR) shares over potential securities laws violations by SunPower Corporation was announced. San Diego, CA -- ( SBWIRE ) -- 02/14/2022 -- SunPower Corporation is under investigation over potential securities laws violations in connection with certain financial statements. Investors who purchased shares of SunPower Corporation (NASDAQ: SPWR), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by SunPower Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made. On January 21, 2022, SunPower Corporation announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors." v "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors.

SunPower is selling its C&I operations so it can focus on expanding its residential business, while TotalEnergies will advance its distributed generation activities in the US market.

French multinational group TotalEnergies has snapped up SunPower''s commercial and industrial solutions business in a $250m deal.

Energy company TotalEnergies announced today the acquisition of solar and storage company SunPowers B2B distributed power-focused Commercial & Industrial Solutions (CIS) business for $250 million, including a $60 million of earn-out. TotalEnergies holds a roughly 51% stake in SunPower, and the deal is not expected to reduce its stake. According to TotalEnergies, the deal will [] The post TotalEnergies Expands US Renewables Footprint, Acquires SunPowers B2B Solar Business for $250M appeared first on ESG Today .

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) today announced it has signed a definitive agreement with SunPower Corp.s (NASDAQ:SPWR) to purchase