SunPower Co. to Post Q1 2026 Earnings of $0.04 Per Share, Zacks Research Forecasts (NASDAQ:SPWR)

SunPower Co. (NASDAQ:SPWR) – Equities researchers at Zacks Research dropped their Q1 2026 earnings estimates for shares of SunPower in a note issued to investors on Tuesday, April 16th. Zacks Research analyst A. Dutta now anticipates that the semiconductor company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.08. The consensus estimate for SunPower’s current full-year earnings is ($0.74) per share.

SunPower (NASDAQ:SPWR) last issued its quarterly earnings data on Thursday, February 15th. The semiconductor company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.24). SunPower had a negative return on equity of 40.95% and a negative net margin of 14.15%. The business had revenue of $356.91 million for the quarter, compared to analysts’ expectations of $364.58 million.

Several other research analysts also recently issued reports on SPWR. The Goldman Sachs Group lowered their price objective on shares of SunPower from $4.00 to $2.50 and set a “sell” rating on the stock in a research report on Monday, January 22nd. Citigroup lowered their target price on shares of SunPower from $3.00 to $2.50 and set a “sell” rating on the stock in a report on Thursday, March 28th. Guggenheim downgraded shares of SunPower from a “neutral” rating to a “sell” rating in a report on Friday, February 16th. UBS Group lifted their target price on shares of SunPower from $4.00 to $4.25 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, Susquehanna lowered their target price on shares of SunPower from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Ten investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, SunPower presently has a consensus rating of “Hold” and a consensus target price of $4.82.

SunPower Stock Performance

Shares of SunPower stock opened at $2.26 on Wednesday. SunPower has a 1 year low of $2.21 and a 1 year high of $14.49. The company has a market capitalization of $396.31 million, a P/E ratio of -1.65 and a beta of 1.73. The company’s fifty day moving average is $3.00 and its two-hundred day moving average is $3.90.

Hedge Funds Weigh In On SunPower

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC raised its position in SunPower by 46.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 64,619 shares of the semiconductor company’s stock worth $194,000 after acquiring an additional 20,493 shares during the last quarter. Wedmont Private Capital acquired a new position in SunPower during the first quarter worth about $30,000. Quadrature Capital Ltd acquired a new position in SunPower during the fourth quarter worth about $762,000. Vanguard Group Inc. raised its position in SunPower by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 9,640,772 shares of the semiconductor company’s stock worth $46,565,000 after acquiring an additional 197,291 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in SunPower during the fourth quarter worth about $294,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

About SunPower

SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, and mounting hardware that enable dealers and installers to complete system installations, as well as for end customers to manage their energy production.