SPWR Stock Summary and Trading Ideas (Sunpower | NASDAQ:SPWR)

SunPower is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers primarily in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company's sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers.

Sunpower trades on the NASDAQ stock market under the symbol SPWR.

As of April 25, 2024, SPWR stock price declined to $1.81 with 1,393,582 million shares trading.

SPWR has a beta of 3.09, meaning it tends to be more sensitive to market movements. SPWR has a correlation of 0.21 to the broad based SPY ETF.

SPWR has a market cap of $317.40 million. This is considered a Small Cap stock.

Last quarter Sunpower reported $357 million in Revenue and -$.51 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.27.

In the last 3 years, SPWR stock traded as high as $34.61 and as low as $1.77.

The top ETF exchange traded funds that SPWR belongs to (by Net Assets): IJR, VTI, VB, TAN, IWM.

SPWR has underperformed the market in the last year with a price return of -87.3% while the SPY ETF gained +22.7%. SPWR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -43.6% and -29.0%, respectively, while the SPY returned +3.3% and -2.8%, respectively.

SPWR support price is $1.83 and resistance is $2.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPWR stock will trade within this expected range on the day.