Want to see SPWR full AI Analyst Report?
Top Page
SunPower Inc
(NASDAQ:SPWR)
Select Model
Select Model
Rating:41Neutral
Price Target:
$0.24
▼(-18.97% Downside)
Action:Reiterated
Date:10/17/26
The score is held down primarily by weak financial performance (ongoing losses, meaningful cash burn, and negative equity) and a bearish technical setup with the stock trading below key moving averages. Corporate events provide limited support via fresh capital, but listing-compliance risk remains a notable downside. Valuation is only a minor offset because the negative P/E reflects ongoing unprofitability and there is no dividend support in the provided data.
Positive Factors
Healthy gross margin with narrowing losses
The nearly 50% gross margin indicates meaningful unit economics in the product and service offering, while materially narrower losses show progress toward operating discipline. If this margin profile is preserved as revenue stabilizes, it could provide a foundation for eventual profitability.
Negative Factors
Persistent cash burn and unprofitability
The core business is still consuming substantial cash while operating and net margins remain negative, limiting internally funded growth. Continued losses increase dependence on financing and leave less capacity to absorb setbacks, making a durable recovery dependent on sustained improvements in execution and cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy gross margin with narrowing losses
The nearly 50% gross margin indicates meaningful unit economics in the product and service offering, while materially narrower losses show progress toward operating discipline. If this margin profile is preserved as revenue stabilizes, it could provide a foundation for eventual profitability.
Read all positive factors
SunPower Inc (SPWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$72.42M
Dividend YieldN/A
Average Volume (3M)2.27M
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth13.88%
EPS Growth68.31%
CountryUS
Employees785
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.17
Shares Outstanding320,300,350
10 Day Avg. Volume1,763,934
30 Day Avg. Volume2,265,443
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)-1.52
Price to Sales (P/S)0.46
P/FCF Ratio-8.92
Enterprise Value/Market Cap3.46
Enterprise Value/Revenue0.90
Enterprise Value/Gross Profit1.85
Enterprise Value/Ebitda-14.38
Forecast
1Y Price Target
$1.40Price Target Upside382.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.18
Revenue Forecast (FY)$272.50M
SunPower Inc Business Overview & Revenue Model
Company Description
SunPower Inc. operates as a specialist in the solar energy domain, delivering both technological innovations and comprehensive services, alongside installation expertise. The firm's operational focus spans enhancing sales processes, managing proje...
How the Company Makes Money
SunPower makes money primarily by selling residential solar-related products and services. Key revenue streams have historically included: (1) Sales of residential solar PV systems and related hardware: revenue is recognized from the sale of equip...
SunPower Inc Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Neutral
The call balanced meaningful operational and commercial progress (record bookings, rising ASP driven by battery attach, acquisitions that beef up sales capacity, a $41M capital raise, and implemented cost cuts) against significant near-term execution and financial-reporting challenges (Q1 revenue miss, a sizeable non-GAAP operating loss driven by one-time spending, restatements, CFO transition, workforce reductions, and identified accounting/control deficiencies). Management presented a clear plan to tighten controls, reduce costs, and convert strong bookings into Q3 revenue that should enable profitability if execution holds, but material risks remain in finance processes, cash-flow breakeven needs, and salesforce stability.Positive Updates
Record Quarterly Bookings
Q1 2026 bookings reached a company record of 4,446 jobs (driven by recent acquisitions Sunder, Ambia and Cobalt), providing a strong pipeline that management expects to convert into Q3 revenue.
Negative Updates
Q1 2026 Revenue Miss and Operating Loss
Q1 2026 revenue was $72.8 million, a 9% shortfall versus guidance of $80 million. Non-GAAP operating income for Q1 was negative $12.9 million, driven in part by $9.9 million of incremental one-time spending.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Bookings
Q1 2026 bookings reached a company record of 4,446 jobs (driven by recent acquisitions Sunder, Ambia and Cobalt), providing a strong pipeline that management expects to convert into Q3 revenue.
Read all positive updates
Company Guidance
SunPower guided to Q2 revenue of about $75M (up $3M from last quarter) with an expected Q2 operating loss of roughly $3M, following Q1 ’26 revenue of $72.8M (vs. prior guidance $80M, -9%) and non‑GAAP operating income of -$12.9M driven by $9.9M of one‑time spending; the company says cost cuts already reduce OpEx by $9.9M/quarter and will be ~60% in effect in Q2. Management raised $41M in the quarter (cash flat overall, keeping ~ $10M working cash), moved from +86 hires to 115 RIFs, instituted a 4‑day workweek through September, trimmed headcount guidance to 700 (current headcount 710), and reports a salesforce of ~1,552 reps representing ~90% of revenue. Bookings were a record 4,446 jobs in Q1, average selling price ≈ $32,000 (battery attach adds ≈ $10,000 to ~$42,000 ASP), median booking‑to‑revenue cycle ~2 months (rule of thumb 90 days), and management says operating breakeven is about $76M and cash‑flow breakeven about $96M — they expect to be profitable and cash‑flow‑positive at ≥$96M, target at least $96M in Q3 (with modeling showing ~ $130M), and a $1B run‑rate by Q3 2028.SunPower Inc Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 277.39M | 300.00M | 108.74M | 87.62M | 66.47M | 68.82M |
| Gross Profit | 135.30M | 129.21M | 39.50M | 17.79M | 19.83M | 28.69M |
| EBITDA | -17.44M | -8.46M | -35.48M | -81.25M | -22.36M | -7.10M |
| Net Income | -18.91M | -45.35M | -56.45M | -269.56M | -29.48M | -9.28M |
Balance Sheet | ||||||
| Total Assets | 250.21M | 241.19M | 144.47M | 47.32M | 228.18M | 26.40M |
| Cash, Cash Equivalents and Short-Term Investments | 4.08M | 9.62M | 13.38M | 2.59M | 4.41M | 489.62M |
| Total Debt | 132.01M | 188.42M | 153.06M | 63.21M | 66.78M | 25.50M |
| Total Liabilities | 276.48M | 331.33M | 242.00M | 124.14M | 122.90M | 79.19M |
| Stockholders Equity | -26.27M | -90.14M | -97.54M | -76.81M | 105.28M | -52.79M |
Cash Flow | ||||||
| Free Cash Flow | -60.30M | -15.33M | -55.82M | -60.59M | -33.03M | -12.06M |
| Operating Cash Flow | -60.30M | -15.33M | -54.66M | -58.61M | -31.51M | -10.99M |
| Investing Cash Flow | -18.79M | -19.34M | -54.66M | 6.17M | 3.33M | -1.06M |
| Financing Cash Flow | 69.33M | 30.91M | 120.10M | 50.42M | 31.19M | 16.89M |
SunPower Inc Technical Analysis
Negative
0.29
Price Trends
0.29
Negative
0.44
Negative
0.87
Negative
Market Momentum
-0.02
Positive
31.18
Neutral
10.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPWR, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.29, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.18 is Neutral, neither overbought nor oversold. The STOCH value of 10.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPWR.
SunPower Inc Risk Analysis
SunPower Inc disclosed 63 risk factors in its most recent earnings report. SunPower Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SunPower Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $79.08M | 7.21 | 31.88% | ― | 49.51% | ― | |
42 Neutral | $27.04M | -0.24 | 230.63% | ― | 59.53% | 5.67% | |
42 Neutral | $18.18M | -0.67 | -166.89% | ― | 10.17% | 50.41% | |
41 Neutral | $72.42M | -0.75 | 26.07% | ― | 13.88% | 68.31% |
* Technology Sector Average
SPWR
SunPower Inc
0.23
-1.81
-88.92%
FTCI
FTC Solar
1.48
-7.55
-83.61%
TYGO
Tigo Energy
1.03
-1.48
-58.96%
ZEO
Zeo Energy
0.27
-1.72
-86.38%
SunPower Inc Corporate Events
Executive/Board ChangesShareholder Meetings
SunPower Sets 2026 Annual Meeting, Director To Depart
Neutral
Sep 17, 2026
On September 17, 2026, SunPower Inc. director Jamie Haenggi notified the company that she would not stand for reelection at the 2026 Annual Meeting of Stockholders, though she will remain on the board until that meeting and her decision did not st...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
SunPower Raises Venture-Backed Equity to Support Turnaround
Positive
Sep 3, 2026
On September 2, 2026, SunPower Inc. agreed to sell 103.1 million common shares in a privately negotiated equity placement to accredited investors for gross proceeds of about $26.2 million, priced at the Nasdaq closing price of $0.2541 per share. T...
Private Placements and FinancingRegulatory Filings and Compliance
SunPower announces insider-backed SAFE financing agreement
Positive
Aug 28, 2026
On August 24, 2026, SunPower Inc. entered into a $2 million simple agreement for future equity with the Rodgers Massey Revocable Living Trust, an affiliate of CEO and Chairman Thurman J. Rodgers, signaling an insider-backed capital infusion. The S...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
SunPower Raises Capital Through Private Equity Financing Agreement
Positive
Aug 10, 2026
On August 4, 2026, SunPower Inc. entered into a simple agreement for future equity with an institutional investor tied to a $3,500,000 investment in the company. The instrument will convert into SunPower equity at the price set in the next equity ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
SunPower Cuts Costs Amid Revenue Decline, Expects Rebound
Negative
Jul 28, 2026
In the quarter ended June 30, 2026, SunPower reported a sharp drop in revenue to $56.0 million from $72.8 million in the prior quarter, driven largely by operational issues in its SunPower Direct division that delayed roughly 1,105 jobs and pushed...
Delistings and Listing ChangesRegulatory Filings and Compliance
SunPower Faces Nasdaq Listing Compliance Challenge on Bid Price
Negative
Jul 22, 2026
On July 21, 2026, SunPower Inc. received notice from Nasdaq that its common stock had failed to meet the exchange’s minimum bid price requirement of $1.00 per share for 30 consecutive business days. While the notice does not immediately affe...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
SunPower Announces Settlement-Linked Unregistered Equity Issuance
Neutral
Jul 22, 2026
On July 17, 2026, SunPower Inc. entered into settlement agreements with several investment funds to adjust the settlement amounts under OTC equity prepaid forward transactions originally dated July 13, 2023. Under these agreements, SunPower electe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.