Envestnet Asset Management Sells Off SunPower Co. Shares
June 22, 2023
☀️Trending News
SUNPOWER ($NASDAQ:SPWR): Envestnet Asset Management Inc. recently sold off some of its shares of SunPower Co. SunPower Corporation is an American energy company that specializes in solar technology. SunPower develops, manufactures and markets solar technology products and services, such as rooftop systems, distributed generation systems and residential solutions. These products are designed to deliver the highest efficiency, reliability and performance to customers. SunPower also offers a variety of financing options to help customers pay for their solar projects.
It is one of the leading providers of solar technology for commercial and residential applications. With a commitment to sustainability, SunPower is making solar energy more accessible and affordable for millions of people around the world.
Share Price
On Tuesday, SUNPOWER CORPORATION stock opened at $10.4 and closed at $10.9, marking a 6.2% increase from the previous closing price of $10.3. It is likely that investors purchased these shares to capitalize on the surge in its value, signaling strong confidence in SunPower Co. and its future success. 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 |
| 1.83k | 33.22 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunpower Corporation. More…
| Operations | Investing | Financing |
| -207.81 | 467.99 | -281.47 |
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 |
| 1.49k | 989.12 | 2.87 |
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 |
| -2.3% | 5.2% | 4.5% |
| FCF Margin | ROE | ROA |
| -14.5% | 9.7% | 3.5% |
Analysis
GoodWhale recently conducted an analysis of SUNPOWER CORPORATION‘s fundamentals. Based on our Risk Rating, SUNPOWER CORPORATION is a high risk investment in terms of both financial and business aspects. We detected 4 risk warnings in their income sheet, balance sheet, cashflow statement, and financial journal. We encourage potential investors to register with GoodWhale to review the risk warnings and determine whether or not investing in SUNPOWER CORPORATION is the right fit. Our analysis provides insight into the company’s financials to help make an informed decision. 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 is a leading manufacturer of solar panels and other solar energy solutions. The company has experienced significant growth over the past few years, and has seen its stock price increase significantly in response. Envestnet Asset Management Inc recently sold a large number of SunPower shares, causing a slight dip in the stock price.
However, the stock quickly recovered, showing the resilience of SunPower Corporation’s shares. For those looking to invest in a growing solar energy company, SunPower Corporation is definitely worth considering. Their impressive product line, strong financials, and dedication to customer service make them one of the top solar companies in the industry. Their long-term growth potential is evidenced by their increasing share price, meaning investors could experience impressive returns for years to come.
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