SunPower Corp
NASDAQ:SPWR
Intrinsic Value
SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. [ Read More ]
The intrinsic value of one SPWR stock under the Base Case scenario is 14.03 USD. Compared to the current market price of 3 USD, SunPower Corp is Undervalued by 79%.
Valuation Backtest
SunPower Corp
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Fundamental Analysis
SunPower's Q4 Review and 2024 Outlook
2023-Q4 Earnings Call
In Q4 2023, SunPower faced a challenging market with higher interest rates, policy changes, and a negative $68 million adjusted EBITDA on $361 million non-GAAP revenue. The company saw a 24% year-over-year bookings drop and 16,000 installations. Despite this, storage attach rates were a highlight, with a 76% rate in the California direct channel and 65% through SunPower Financial, signaling strong consumer interest. A bright spot, SunPower Financial saw a record 65% customer attach rate. To improve profitability, the company secured $200 million in new capital, executed $100 million in annualized run rate savings, and anticipates these savings to materialize by mid-2024. For 2024, SunPower is focused on gross margin and cash flow, projecting 17-19% full-year gross margins and aiming for positive cash flow in the second half of the year, with a trend continuing into 2025. The company will provide full-year EBITDA guidance later after evaluating the impact of restructuring and recapitalization.
Balance Sheet Decomposition
SunPower Corp
Current Assets | 828.8m |
Cash & Short-Term Investments | 87.4m |
Receivables | 219.7m |
Other Current Assets | 521.7m |
Non-Current Assets | 518.3m |
PP&E | 177.4m |
Intangibles | 140m |
Other Non-Current Assets | 200.9m |
Current Liabilities | 883.9m |
Accounts Payable | 220.4m |
Accrued Liabilities | 165.8m |
Short-Term Debt | 344.3m |
Other Current Liabilities | 153.5m |
Non-Current Liabilities | 157.5m |
Long-Term Debt | 249k |
Other Non-Current Liabilities | 157.2m |
Earnings Waterfall
SunPower Corp
Revenue
|
1.7B
USD
|
Cost of Revenue
|
-1.4B
USD
|
Gross Profit
|
238.5m
USD
|
Operating Expenses
|
-417m
USD
|
Operating Income
|
-178.5m
USD
|
Other Expenses
|
-68.6m
USD
|
Net Income
|
-247.1m
USD
|
Free Cash Flow Analysis
SunPower Corp
What is Free Cash Flow?
SPWR Profitability Score
Profitability Due Diligence
SunPower Corp's profitability score is 42/100. The higher the profitability score, the more profitable the company is.
Score
SunPower Corp's profitability score is 42/100. The higher the profitability score, the more profitable the company is.
SPWR Solvency Score
Solvency Due Diligence
SunPower Corp's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
SunPower Corp's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SPWR Price Targets Summary
SunPower Corp
According to Wall Street analysts, the average 1-year price target for SPWR is 3.73 USD with a low forecast of 1.01 USD and a high forecast of 6.3 USD.
Ownership
SPWR Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
SPWR Price
SunPower Corp
Average Annual Return | 94.65% |
Standard Deviation of Annual Returns | 199.96% |
Max Drawdown | -95% |
Market Capitalization | 526.1m USD |
Shares Outstanding | 175 354 000 |
Percentage of Shares Shorted | 46.1% |
SPWR News
Last Important Events
SunPower Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
SunPower Corp
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. The company is headquartered in San Jose, California and currently employs 3,660 full-time employees. The company went IPO on 2005-11-17. The firm offers solar + storage solution. Its segments include Residential, Light Commercial (RLC), and Commercial and Industrial (C&I) Solutions. The company offers integrated solar, storage and home energy solutions to customers in the United States and Canada through an array of hardware, software and financing options. Its products include SunPower Equinox, SunPower Helix, SunVault and OneRoof. The company offers SunPower Equinox to its residential business customers and SunPower Helix products for its commercial business customers. The Equinox and Helix systems are pre-engineered modular solutions for residential and light commercial applications, that combine its efficiency solar module technology with integrated plug-and-play power stations, cable management systems and mounting hardware. The company also offers the SunPower InvisiMount residential mounting system in its product portfolio.
Contact
IPO
Employees
Officers
The intrinsic value of one SPWR stock under the Base Case scenario is 14.03 USD.
Compared to the current market price of 3 USD, SunPower Corp is Undervalued by 79%.