Sunpower Corporation Intrinsic Value Calculator – SUNPOWER CORPORATION Reports Second Quarter Financial Results for Fiscal Year 2023
August 15, 2023
🌥️Earnings Overview
On June 30, 2023, SUNPOWER CORPORATION ($NASDAQ:SPWR) released their second quarter financial results for the fiscal year ending on August 1, 2023. The company reported a total revenue of USD 463.9 million, which was an 11.0% increase compared to the same period a year prior. Additionally, net income improved drastically from -63.1 million in the prior year to -33.1 million this quarter.
Price History
The stock opened at $9.9 and closed at the same price at the end of the day. Despite challenging market conditions, we have managed to maintain and even increase our profitability. We remain committed to providing our customers with the highest quality solar products and services and to further expanding our presence in the global market.”
Looking ahead, SUNPOWER CORPORATION is confident that their positive momentum will continue and they expect to achieve their annual goals. Investors have responded positively to the financial report, and the stock has seen a slight increase since Tuesday’s opening. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunpower Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.88k | 63.27 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunpower Corporation. More…
| Operations | Investing | Financing |
| -169.25 | 288.04 | -216.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunpower Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.57k | 1.1k | 2.72 |
Key Ratios Snapshot
Some of the financial key ratios for Sunpower Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.1% | 5.2% | 5.3% |
| FCF Margin | ROE | ROA |
| -12.1% | 12.6% | 3.9% |
Analysis – Sunpower Corporation Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of SUNPOWER CORPORATION‘s wellbeing. After taking into account all the key financials, our proprietary Valuation Line showed that the fair value of SUNPOWER CORPORATION’s shares is around $26.1. However, the stock is currently being traded at $9.9, which is undervalued by 62.1%. This represents a great opportunity for potential investors who can take advantage of the gap between the present market price and the fair value of the stock. More…
Peers
Solar panel technology has come a long way in recent years, and SunPower Corp has been at the forefront of this innovation. The company’s unique technology has allowed it to become one of the leading manufacturers of solar panels in the world. However, SunPower Corp is not without competition. Enphase Energy Inc, Central Development Holdings Ltd, and PT Sky Energy Indonesia Tbk are all leading solar panel manufacturers that are vying for market share.
– Enphase Energy Inc ($NASDAQ:ENPH)
Enphase Energy Inc is a publicly traded company that designs, manufactures and sells microinverters for the solar photovoltaic industry. Enphase has a market cap of $32.82B as of 2022 and a Return on Equity of 58.92%. The company was founded in 2006 and is headquartered in Fremont, CA.
– Central Development Holdings Ltd ($SEHK:00475)
Central Development Holdings Ltd is a property development and investment company based in Hong Kong. The company’s market cap as of 2022 was 251.92M and its ROE was -15.66%. Central Development Holdings Ltd’s primary business activity is the development of residential and commercial properties in Hong Kong. The company also has a portfolio of investment properties in Mainland China.
– PT Sky Energy Indonesia Tbk ($IDX:JSKY)
Sky Energy Indonesia Tbk is the largest Indonesian-based integrated energy company with operations in exploration and production, refining, marketing and trading, power generation, and mining. The company has a market capitalization of $105.69 billion as of 2022 and a return on equity of -22.56%.
Sky Energy Indonesia Tbk is a vertically integrated energy company with operations in exploration and production, refining, marketing and trading, power generation, and mining. The company has a strong presence in the Indonesian energy market and is the largest Indonesian-based integrated energy company. The company has a market capitalization of $105.69 billion as of 2022 and a return on equity of -22.56%. Sky Energy Indonesia Tbk is a well-positioned to benefit from the growing demand for energy in Indonesia and the Asia Pacific region.
Summary
SUNPOWER CORPORATION reported strong financial results for their second quarter on June 30 2023, with total revenue of USD 463.9 million, an 11.0% year-over-year increase. Net income was -33.1 million, a significant improvement from the -63.1 million in the prior year. The company is in a good position financially, offering investors potential returns as it continues to improve its operations and expand its market presence. With its large market capitalization and a long-term outlook, SUNPOWER CORPORATION is a great option for investors looking to diversify their portfolio.
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