SPWR

SunPower Corporation

$2.05

0.1

(5.13%)

Exchange:	NASDAQ
Market Cap:	164.558M
Shares Outstanding:	3.782M

Overview

Earnings

Financials

Valuation

Chart

About The Company

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. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network and resellers, as well as in-house sales team; and turn-key engineering, procurement, and construction services and sale of energy under power purchase agreements. It also offers commercial roof, carport, and ground mounted systems; and post-installation monitoring and maintenance services. In addition, the company provides residential leasing services, as well as sells inverters manufactured by third parties. It primarily serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of TotalEnergies SE.

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Revenue Segmentation

EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Revenue	3,027,265	1,576,473	2,559,562	1,871,813	1,726,085	1,864,225	1,124,829	1,323,493	1,741,072	1,685,222
? Cost Of Revenue	2,402,138	1,331,827	2,369,596	1,887,084	2,023,166	1,738,320	957,702	1,101,886	1,377,169	1,447,833
? Gross Profit	625,127	244,646	189,966	-15,271	-297,081	125,905	167,127	221,607	363,903	237,389
? Research And Development Expenses	73,343	99,063	116,130	80,785	81,705	67,515	22,381	17,070	24,759	23,960
? General And Administrative Expenses	288,321	345,486	329,061	277,033	260,111	260,443	164,703	213,353	292,923	0
? Selling And Marketing Expenses	0	0	0	0	0	0	6,400	18,900	46,400	0
? Operating Expenses	361,664	444,549	445,191	357,818	341,816	327,958	180,824	245,068	364,082	416,986
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	2,583	2,120	2,652	2,100	3,057	2,702	754	288	3,200	2,746
? Interest Expense	69,658	43,796	60,735	89,754	108,011	53,353	33,153	29,079	21,566	28,956
? Depreciation And Amortization	108,795	138,007	174,209	188,698	127,204	80,081	48,304	11,506	34,600	52,442
? EBITDA	384,481	-55,505	-87,403	-193,232	-453,322	55,464	728,341	11,763	153,026	-127,155
? EBIT
? Operating Income	251,240	-206,294	-462,414	-1,018,469	-849,031	-24,617	680,037	257	118,426	-179,597
? Income Before Tax	184,614	-242,311	-564,595	-1,117,064	-898,671	25,968	654,569	-32,823	96,547	-229,362
? Income Tax Expense	8,760	66,694	7,319	-3,943	1,010	26,631	57,549	5,219	-8,164	946
? Net Income From Continuing Operations
? Net Income	245,894	-187,019	-471,064	-851,163	-811,091	-663	472,844	-38,042	104,711	-247,107
? EPS (Earnings Per Share)	1.910	-1.390	-3.410	-6.110	-5.760	0	2.800	-0.220	0.600	-1.410
? EPS Diluted	1.550	-1.390	-3.410	-6.110	-5.760	0	2.410	-0.220	0.600	-1.410
? Weighted Average Shares Outstanding	128,635	134,546.043	137,985	139,298.500	140,776.142	144,796	169,801	172,436	173,919	175,041
? Weighted Average Shares Outstanding Diluted	162,751	134,884	137,985	139,370	140,825	169,650	197,242	172,436	174,603	175,041
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Cash And Cash Equivalents	956,175	954,528	425,309	435,097	309,407	422,955	232,765	127,130	377,026	89,373
? Short Term Investments	0	8,734	4,802	2,612	729	0	0	365,880	132,480	0
? Cash And Short Term Investments	956,175	954,528	425,309	435,097	309,407	422,955	232,765	493,010	509,506	89,373
? Net Receivables	778,884	322,654	352,512	300,616	292,167	247,478	234,435	147,262	225,269	215,194
? Accounts Receivables
? Inventory	208,573	382,390	401,707	352,829	308,146	358,257	210,582	242,993	316,815	261,567.999
? Total Current Assets	2,402,847	2,514,520	1,914,699	1,351,513	1,073,771	1,380,931	790,315	1,073,466	1,268,514	828,766
? Property Plant Equipment Net	991,732	1,267,822	1,681,904	1,576,191	932,428	429,322	151,237	140,022	153,227	177,380
? Goodwill	21,221	58,135	0	0	0	0	0	126,338	126,338	125,998
? Intangible Assets	16,760	61,442	44,218	25,519	12,582	7,466	697	24,879	24,192	14,018
? Long Term Investments	243,206	222,774	32,492	20,325	88,694	226,602	624,873	100,654	50,097	9,111
? Total Non Current Assets	1,954,335	2,342,473	2,652,468	2,277,801	1,278,878	790,990	856,167	481,340	511,493	518,318
? Total Assets	4,357,182	4,856,993	4,567,167	3,629,314	2,352,649	2,171,921	1,646,482	1,554,806	1,780,007	1,347,084
? Account Payables	419,919	514,654	540,295	406,902	325,550	207,062	166,066	140,222	243,139	220,356
? Short Term Debt	264,919	28,436	71,376	357,816	40,074	52,032	179,062	121,348	521,464	355,508
? Deferred Revenue	115,228	149,410	87,278	63,707	104,130	138,441	72,424	88,844	144,209	153,466
? Total Current Liabilities	1,129,611	998,602	1,090,175	1,096,185	705,006	898,409	529,731	505,629	1,050,346	883,919
? Long Term Debt	1,057,762	1,744,583	1,798,970	1,726,685	1,442,302	969,256	522,498	452,750	37,533	249
? Deferred Revenue Non Current	148,896	126,183	298	69,062	99,509	67,538	30,170	27,801	11,555	10,553
? Deferred Tax Liabilities Non Current	28,566	69,104	103,621	15,236	0	246	13,468	15,834	1,139	23,618.999
? Total Non Current Liabilities	1,651,542	2,349,752	2,389,672	2,286,032	1,797,529	1,252,013	710,265	659,153	154,007	156,495.999
? Total Liabilities	2,781,153	3,348,354	3,479,847	3,382,217	2,502,535	2,150,422	1,239,996	1,164,782	1,204,353	1,040,415
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	131	137	139	140	141	168	170	173	174	175
? Retained Earnings	-560,598	-747,617	-1,218,681	-2,115,188	-2,480,988	-2,449,679	-2,085,246	-2,122,212	-2,066,175	-2,332,763
? Additional Paid In Capital
? Total Stockholders Equity	1,534,174	1,449,149	1,007,832	142,918	-208,696	10,163	404,167	388,389	574,851	305,699
? Total Equity	1,576,029	1,508,639	1,087,320	247,097	-149,886	21,499	406,486	390,024	575,654	306,669
? Minority Interest	41,855	59,490	79,488	104,179	58,810	11,336	2,319	1,635	803	970
? Total Liabilities And Total Equity	4,357,182	4,856,993	4,567,167	3,629,314	2,352,649	2,171,921	1,646,482	1,554,806	1,780,007	1,347,084
? Total Investments	243,206	222,774	32,492	20,325	88,694	226,602	624,873	466,534	182,577	9,111
? Total Debt	1,182,166	1,610,949	1,636,097	1,604,904	898,958	1,094,494	691,824	587,645	548,334	379,376
? Net Debt	225,991	656,421	1,210,788	1,169,807	589,551	671,539	459,059	460,515	171,308	290,003
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Net Income	183,095	-299,436	-543,844	-1,092,910	-917,497	-7,721	474,026	-38,042	60,463	-227,101
? Depreciation And Amortization	108,795	138,007	174,209	188,698	127,204	80,081	48,304	11,506	34,600	52,442
? Deferred Income Tax	21,656	63,672	-6,611	-6,966	-6,862	5,067	19,241	5,688	-13,973	-83
? Stock Based Compensation	55,592	58,960	61,498	34,674	0	26,935	24,817	25,902	26,434	26,203
? Change In Working Capital	-374,334	-619,348	-181,230	-48,073	-316,883	-87,559	-57,869	-25,578	-174,673	-5,318
? Accounts Receivables	-31,505	311,743	-33,466	-458	-174	-66,194	98,962	-18,549	-63,611	4,876
? Inventory	-1,247	-237,764	-70,448	-38,236	-39,174	-128,404	-29,808	-5,325	-111,349	34,822
? Accounts Payables	45,768	90,904	-12,146	-192,096	-127,286	79,981	-91,047	-11,933	122,986	-22,572
? Net Cash Provided By Operating Activities	8,360	-726,231	-312,283	-267,412	-543,389	-270,413	-187,391	-44,476	-181,482	-139,856
? Investments In Property Plant And Equipment	-166,936	-338,370	-310,650	-282,878	-155,326	-111,602	-152,241	-14,178	-54,497	-50,438
? Acquisitions Net	-132,091	470,943	-45,388	-12,673	417,274	28,091	23,142	66,372	578,238	35
? Purchases Of Investments	-30	-4,092	-4,955	-1,306	-399,512	-12,400	-1,338	3,519	-30,920	-24,530
? Sales Maturities Of Investments	1,380	0	6,210	608	399,512	42,957	259,627	1,200	440,108	121,675
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	498,566	619,967	159,779	589,932	85,847	344,314	-153,852	-108,009	-58,070	-184,165
? Effect Of Forex Changes On Cash	-4,023	-4,782	735	689	2,068	-374	200	0	0	4,474
? Net Change In Cash	193,664	-1,647	-529,219	30,125	-180,574	94,893	-211,853	-98,191	253,419	-298,321
? Cash At End Of Period	956,175	954,528	425,309	544,337	363,763	458,656	246,804	148,613	402,032	89,373
? Cash At Beginning Of Period	762,511	956,175	954,528	514,212	544,337	363,763	458,657	246,804	148,613	387,694
? Operating Cash Flow	8,360	-726,231	-312,283	-267,412	-543,389	-270,413	-187,391	-44,476	-181,482	-139,856
? Capital Expenditure	-166,936	-338,370	-310,650	-282,878	-155,326	-111,602	-152,241	-14,178	-54,497	-50,438
? Free Cash Flow	-158,576	-1,064,601	-622,933	-550,290	-698,715	-382,015	-339,632	-58,654	-235,979	-190,294
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2024	2025	2026	2027	2028
Estimated Revenue (Low)	1,289,795.053	662,750.032	744,677.772	1,781,370.486	1,965,352.806
Estimated Revenue (High)	1,402,209.808	720,513.381	809,581.703	1,936,629.513	2,136,647.193
Estimated Revenue (Avg)	1,346,002.431	691,631.707	777,129.738	1,859,000	2,051,000
Estimated Ebitda (Low)	180,207.874	92,598.257	104,045.056	248,889.921	274,595.604
Estimated Ebitda (High)	195,914.264	100,668.850	113,113.318	270,582.437	298,528.552
Estimated Ebitda (Avg)	188,061.069	96,633.554	108,579.187	259,736.179	286,562.078
Estimated Net Income (Low)	-113,123.747	-110,386.106	-5,566.564	16,553.865	62,904.484
Estimated Net Income (High)	-94,579.904	-99,018.943	-4,993.308	18,454.572	70,126.676
Estimated Net Income (Avg)	-103,851.826	-104,702.525	-5,279.936	17,504.100	66,515.580
Estimated SGA Expense (Low)	229,513.313	117,933.431	132,512.109	316,986.983	349,725.822
Estimated SGA Expense (High)	249,517.021	128,212.163	144,061.476	344,614.639	380,206.899
Estimated SGA Expense (Avg)	239,515.167	123,072.797	138,286.793	330,800.811	364,966.360
Estimated EPS (Avg)	-0.590	-0.600	-0.030	0.100	0.380
Estimated EPS (High)	-0.540	-0.570	-0.030	0.110	0.400
Estimated EPS (Low)	-0.650	-0.630	-0.030	0.090	0.360
Number of Analysts (Estimated Revenue)	2	1	2	1	1
Number of Analysts (Estimated EPS)	2	2	1	1	1

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Current Key Metrics

?	Revenue (TTM) :		?	P/S (TTM) :	0
?	Net Income (TTM) :		?	P/E (TTM) :	0
?	Enterprise Value (TTM) :	257.179M	?	EV/FCF (TTM) :	-1.27
?	Dividend Yield (TTM) :	0	?	Payout Ratio (TTM) :	0
?	ROE (TTM) :	-0.57	?	ROIC (TTM) :	-0.23
?	Net Debt (TTM) :		?	Debt/Equity (TTM) :	1.13
?	P/B (TTM) :	0	?	Current Ratio (TTM) :	0.94