Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Sunpower (NASDAQ:SPWR) with a Underweight recommendation.
Analyst Price Forecast Suggests 80.24% Upside
As of October 5, 2023, the average one-year price target for Sunpower is 10.02. The forecasts range from a low of 6.06 to a high of $17.85. The average price target represents an increase of 80.24% from its latest reported closing price of 5.56.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sunpower is 2,040MM, an increase of 8.64%. The projected annual non-GAAP EPS is 0.64.
What is the Fund Sentiment?
There are 507 funds or institutions reporting positions in Sunpower. This is a decrease of 43 owner(s) or 7.82% in the last quarter. Average portfolio weight of all funds dedicated to SPWR is 0.07%, a decrease of 22.62%. Total shares owned by institutions increased in the last three months by 19.71% to 87,409K shares. 
The put/call ratio of SPWR is 0.63, indicating a bullish outlook.
What are Other Shareholders Doing?
Schroder Investment Management Group holds 6,803K shares representing 3.88% ownership of the company. In it's prior filing, the firm reported owning 3,647K shares, representing an increase of 46.40%. The firm increased its portfolio allocation in SPWR by 455.60% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 6,033K shares representing 3.44% ownership of the company.
Invesco holds 4,195K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 4,423K shares, representing a decrease of 5.44%. The firm increased its portfolio allocation in SPWR by 581.79% over the last quarter.
TAN - Invesco Solar ETF holds 2,859K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 2,730K shares, representing an increase of 4.50%. The firm decreased its portfolio allocation in SPWR by 15.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,746K shares representing 1.57% ownership of the company. In it's prior filing, the firm reported owning 2,674K shares, representing an increase of 2.61%. The firm decreased its portfolio allocation in SPWR by 32.92% over the last quarter.
Sunpower Background Information
(This description is provided by the company.)
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.
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