SunPower (SPWR) Beats the Street

SunPower Corporation (SPWR) reported fourth quarter EPS of $0.26 before the opening bell Tuesday, compared to the consensus estimate of $0.25. Revenues declined 19.6% from last year to $609.7 million. Analysts expected revenues of $606.07 million. The stock is now up $4.40 to $32.20.

For Q1, SPWR provided EPS guidance of $0.05-$0.15 versus consensus of $0.21 per share. The company also issued revenue projection of $410-$460 million, compared to the consensus revenue estimate of $560.16 million.

In other SPWR news this morning, the company and First Solar (FSLR) plan to partner to form joint YieldCo vehicle.

On valuation measures, SunPower Corp. shares, which currently have an average 3-month trading volume of 2,186,150 shares, trade at a trailing-12 P/E of 31.95, a forward P/E of 20.29 and a P/E to growth ratio of 8.78. The median Wall Street price target on the name is $36.00 with a high target of $49.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 5 ’Holds’ and no ‘Sell’.

Profitability-wise, SPWR has a t-12 profit and operating margin of 5.34% and 7.63%, respectively. The $3.65 billion market cap company reported $922.73 million in cash vs. $1.22 billion in debt in its most recent quarter.

SPWR currently prints a one year loss of about -17.73% and a year-to-date return of around 7.63%.

The chart below shows where the equity has traded over the last 52 weeks.

SunPower Corp. is an energy services company which manufactures solar systems to residential, commercial, and utility customers. The company is headquartered in San Jose, California and is a subsidiary of Total Energies Nouvelles Activites USA.

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