SunPower stock closed down, underperforming market, but gained 56% in last month

From Nasdaq: 2024-05-31 18:00:09

SunPower (SPWR) closed at $3.34, down 1.91% from the previous day, underperforming the S&P 500 (+0.8%). Solar products and services company shares gained 56.19% in the last month, exceeding the Oils-Energy sector (-0.72%). SunPower’s upcoming EPS is projected at -$0.26, with revenue at $318.7 million.

Analysts predict an EPS of -$0.61 and revenue of $1.44 billion for SunPower this year. Revisions in analyst estimates can impact stock prices, reflected in the Zacks Rank system. The solar industry ranks in the bottom 14% of all sectors. Zacks.com offers insights into stock performance metrics and trends for better decision-making.

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Read more at Nasdaq: SunPower (SPWR) Stock Sinks As Market Gains: Here’s Why