How to Buy Sunpower Stock
Sunpower Corp
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada.
Sunpower stock last closed at $1.94, down 1.02% from the previous day, and has decreased 86.35% in one year. It has underperformed other stocks in the Solar industry by 0.3 percentage points. Sunpower stock is currently +9.92% from its 52-week low of $1.77, and -85.63% from its 52-week high of $13.50.
At the moment, there are 175.36M SPWR shares outstanding. The market cap of SPWR is $340.20M. In the past 24 hours, 4.98M SPWR shares were traded.
How to Buy Sunpower Stock
Wondering how to invest in Sunpower stock? Here's how.
- Figure out where to buy Sunpower stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Sunpower stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Sunpower stock: The Sunpower ticker symbol is SPWR. Is Sunpower stock a good investment? Should you buy shares of SPWR? How do SPWR's underlying business fundamentals look? Do top analysts think Sunpower is a good buy? Why has SPWR's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if SPWR is a good stock to buy).
- Place your SPWR trade: Decide if you will purchase SPWR shares at the current market price or use a limit order to purchase SPWR shares at a given price.
- Monitor your investment in SPWR: Create a watchlist to keep tabs on your new investment in Sunpower shares.
Step 1: Figure out where to buy Sunpower stock
You need an online brokerage account to access the NASDAQ market and buy SPWR stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Technology to Energy, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you can invest in SPWR today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on mobile trading apps, you can securely and quickly fund your account:
Check out the video below if you need help transferring money into your brokerage account.
Step 4: Research Sunpower stock
After you have chosen the best place to buy Sunpower stock, it's very important to evaluate their stock prior to buying, so you actually understand the risk as well as the opportunity.
Sunpower Metrics
SPWR Fundamentals
WallStreetZen was designed to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on SPWR's stock page.
Is SPWR stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SPWR's intrinsic value.
Using relative valuations ratios:
- SPWR may be undervalued based on its P/B ratio of 0.8x, relative to Solar industry P/B ratio of 2.45x
You can access more valuation analysis on SPWR's stock here.
SPWR Financials at a glance
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the SPWR balance sheet.
- SPWR has $121.85M in cash and short term investments. This is sufficient to cover its annual cash burn of $180.53M.
- Total SPWR debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SPWR balance sheet.
Negative Health Checks:
- SPWR has a relatively high debt to equity ratio of 2.42.
- SPWR profit margin has gone down from 3.2% to -6.6% in the past year.
- SPWR has cash burn of 180528000. It does not have sufficient cash and short-term investments to cover this.
Do analysts think it's a good time to buy Sunpower stock
Out of 15 sell side analysts who give ratings on SPWR, the consensus analyst rating on Sunpower is a Sell
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent SPWR Analyst Upgrades/Downgrades
Jon Windham, a top 27% analyst from UBS maintains SPWR with a hold rating and raises their SPWR price target from $4.00 to $4.25, on Feb 16, 2024.
Joseph Osha, a top 5% analyst from Guggenheim downgrades SPWR to a strong sell rating and announces their SPWR price target of $1.00, on Feb 16, 2024.
Jordan Levy, a bottom 3% analyst from Truist Securities maintains SPWR with a hold rating and lowers their SPWR price target from $5.00 to $3.50, on Jan 23, 2024.
Brian Lee, a bottom 2% analyst from Goldman Sachs maintains SPWR with a strong sell rating and lowers their SPWR price target from $4.00 to $2.50, on Jan 22, 2024.
Michael Blum, a top 11% analyst from Wells Fargo downgrades SPWR to a strong sell rating and lowers their SPWR price target from $6.00 to $4.00, on Jan 8, 2024.
You can dig deeper into what analysts are projecting on the Sunpower stock forecast page.
SPWR Technical Indicators
SPWR Growth Numbers
Last year, SPWR revenue was $1.83B. In the last five year, SPWR's revenue has grown by -1% per year. This was slower than the Solar industry average of 24.08%.
You can analyze SPWR's earnings and revenue performance here.
Latest Insiders Trades at SPWR
In the last 12 months, executives and large shareholders at SPWR have bought more shares than they have sold.
Gip Iii Sol Holdings LP, Director of SPWR, was the latest SPWR insider to sell. They sold $350,697.75 worth of SPWR shares on Mar 5, 2024.
Get more info about who owns SPWR stock here.
Does SPWR provide a stable income stream?
No, Sunpower doesn't provide an income stream by paying out dividends.
What do other traders have to say about SPWR?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your SPWR trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you want additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your investment in SPWR
Now that you own some SPWR shares, you'll want to stay up-to-date on your investment.
Start a watchlist to keep track of your SPWR stock.
SPWR Feed
How to Buy Stock in Sunpower
To summarize, here are the 6 steps to buy stock in Sunpower:
- Figure out where to buy Sunpower stock
- Open a brokerage account
- Deposit funds into your investment account
- Research Sunpower stock
- Place your SPWR trade
- Monitor your investment in SPWR
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Sunpower, add SPWR to your watchlist below.
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