SunPower Inc. (SPWR) Market Cap
SunPower Inc. has a market capitalization of $102.8M.
Financials based on reported quarter end 2025-12-31
Price: $1.18
▼ -0.02 (-1.67%)
Market Cap: 102.79M
NASDAQ · time unavailable
CEO: Thurman John Rodgers
Sector: Energy
Industry: Solar
IPO Date: 2005-11-17
Website: https://us.sunpower.com
SunPower Inc. (SPWR) - Company Information
Market Cap: 102.79M · Sector: Energy
SunPower, Inc. is a solar technology, services, and installation company. It offers sales enablement, project management, partner coordination, and customer communication. The company was founded William J. Anderson by in 2010 and is headquartered in Fremont, CA.
Analyst Sentiment
Based on 2 ratings
Analyst 1Y Forecast: $5.70
Average target (based on 5 sources)
Consensus Price Target
Low
$3
Median
$17
High
$28
Average
$16
Potential Upside: 1239.8%
Price & Moving Averages
Related Companies in Energy
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"SunPower Corporation (SPWR) reported revenue of $88.5M for the most recent fiscal year, with a net income of -$1.1M, resulting in an earnings per share (EPS) of -$0.0131. The total assets stood at $208.34M, while total liabilities reached $320.66M, translating to negative equity of -$112.32M. Operating cash flow was negative at -$6.36M, with no capital expenditures reported. The company's share price is currently $1.24, reflecting a disappointing one-year change of -22.98%, indicating a decline in market confidence. While the company does not issue dividends, the significant price drop signals challenges in managing growth and profitability amidst negative cash flow and heavy liabilities. Stakeholders should consider these factors when evaluating future performance and financial stability."
Revenue Growth
The revenue of $88.5M shows some level of operational activity, although growth metrics are not provided.
Profitability
Negative net income and EPS indicate ongoing challenges in achieving profitability.
Cash Flow Quality
Negative operating cash flow raises concerns about financial stability and ongoing operational viability.
Leverage & Balance Sheet
Negative equity and high liabilities relative to assets suggest significant leverage risk.
Shareholder Returns
Substantial price decline and zero dividends reflect poor returns for shareholders.
Analyst Sentiment & Valuation
Analyst price targets suggest limited upside, but current sentiment is negative due to performance.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Management is upbeat on Q4 performance, highlighting record $88.5M revenue (+26% QoQ) and record profit of $3.545M, with operating income reaching $3.5M (4% margin) and a stated longer-term target of 10%. The story is largely acquisition-driven: Sunder (full quarter) and Ambia (partial quarter), plus gross margin optics boosted by cleanup of legacy backlog. Cash improved to $9.3M and a $55M ELOC was signed (Jan 11) but still pending shareholder approval—creating funding leverage without immediate equity issuance. However, the Q&A (not included in the transcript) is where analyst pressure typically concentrates, and the prepared remarks still telegraph specific hurdles: ITC uncertainty, winter-season revenue softness for Q1, bad-debt/reserve sensitivity, and execution risk around financial reporting/auditor cycles. Management’s tone argues the market is “infinite” and growth will be absorbed, while the concrete guardrails are seasonal/ITC volatility and continued diligence on reserves and reporting quality.
Growth Catalysts
- Record revenue of $88.5M driven primarily by acquisitions (Sunder full quarter; Ambia partial quarter)
- Gross margin benefited from cleaning up old backlog purchased from SunPower (improving gross margin vs normal fall-through)
- Fourth consecutive profitable quarter; full-year profitability
Business Development
- Sunder acquisition contributed a full quarter of revenue (announced in Q3); Eric Nielsen elevated to EVP Sales & Marketing for most sales
- Ambia acquisition contributed a partial quarter of revenue (announced in Q4); Ambia added 203 salespeople and they remain with the company
- Signed letter of intent (Jan 16) to acquire Cobalt Power Systems
- First Monolith panel shipment arrived last Friday; customers already oversold first container and company is getting a second container
- REC partnership: REC is cited as the panel partner; company claims it received exclusive access to the 470W panel from REC
- Raised equity line of credit (ELOC) with White Lion Capital to $55M (signed Jan 11; shareholder approval pending)
Financial Highlights
- Non-GAAP revenue: up 26% QoQ to $88.5M (from $70M prior quarter)
- Gross margin: described as 'exceptional' due to backlog cleanup; management flagged a 'base 38%' as normal gross-margin fall-through (warned against model-breaking assumptions)
- OpEx: up only 8.5% QoQ
- Non-GAAP / profit: record profit of $3.545M vs $2.0M last quarter
- Operating income: $3.5M = 4% of revenue (management target: 10% operating income)
- Cash: ending cash balance $9.3M vs $5.1M prior quarter; additionally added $4.3M cash during the quarter (explicitly stated this did not include proceeds from the ELOC)
- Reserves: inherited aged backlog fully collected; reserves in the ~$8M range; last quarter included a $1.1M bad debt reserve impact
Capital Funding
- Equity line of credit with White Lion Capital increased from $30M to $55M (signed Jan 11); requires shareholder approval
- Goal stated: have $10M cash at end of every quarter 'come hell or high water' (timing implies preference not to pull expensive equity immediately)
- Management cited cash at prior quarter end as $5.1M and raised ELOC to address cash concerns vs Sunrun's relative strength
Strategy & Ops
- Sales rep headcount: increased from 1,126 to ~2,000 (rounded) 1099 reps across acquisitions and hiring; management described additional (previously unannounced) program hiring ~350 reps after a bankrupt company (Purolite) in Salt Lake
- Direct employee (W-2) headcount: reduced/managed to 47 from a combined 3,499 in the 'massive loss' period; goal to reach 820 after synergy reductions
- Product strategy: 'Monolith' branded 470W residential panel; claims OSHA weight-limit rationale (50-lb cap) affecting residential installation labor model
- Technology strategy: push toward bifacial panels (glass on both sides) to capture reflected light; stated 'perfectly reasonable' incremental power for over-500W installs depending on conditions
- Operations/finance system overhaul: hired Cal Hoagland (Silicon Valley financial consultant; former auditor) to upgrade financial systems after a 'late SEC report' / finance-systems lag
Market Outlook
- Q1 '26 revenue expected: $84M (management called it 'highly uncertain' but 'pretty sure of the $84M')
- Q1 '26 operating income expected to be positive (explicit conditional: if positive income through Q1, then believes can make it through 2026)
- Management characterizes Q1 '26 as a 'winter quarter' (seasonal headwind) and notes ITC uncertainty; despite that, says Q1 will still be its second-best quarter ever
Risks & Headwinds
- ITC uncertainty cited as a major demand/visibility driver; prior ITC cut (Q2) caused revenue to drop 'precipitously' (revenue decline episode tied to earlier SunPower segment)
- Seasonality: Q1 is 'typically the bad quarter for solar' with 'winter quarter' deployment in the north
- Bad debt / reserves: included $1.1M bad debt reserve impact last quarter; management emphasized ~$8M reserves to avoid earnings volatility
- Finance/filing risk: 'late SEC report' in Q3 attributed to slow/complex acquired financial systems and auditor cycle; management highlighted de-minimis change to $1.1M reserve but acknowledged reporting execution problems
- Disinformation risk: management claimed false reports about SEC investigation (clarified 'not true' for current company; tied to old SunPower); management warned of 'formal demand' if misinformation continues
Sentiment: MIXED
Note: This summary was synthesized by AI from the SPWR Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.