SunPower Inc. Common Stock (SPWR)

FairStock Score: 17/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at SunPower through a Graham-and-Buffett lens: durable earnings, conservative finances, and a margin of safety. SunPower sells and installs solar and battery systems, but solar installation is a competitive, capital-hungry business. The filed record is ugly: in fiscal 2023, the year ended 2023-12-31, revenue was $87.6M and net loss was $269.6M; in fiscal 2024, ended 2024-12-29, revenue was $108.7M and net loss $56.5M; in fiscal 2025, ended 2025-12-28, revenue was $300.0M and net loss $45.4M. Losses are narrowing, and the latest two filed quarters show profits: fiscal Q1 2026, ended 2026-03-29, net income $5.3M on $72.8M revenue; fiscal Q2 2026, ended 2026-06-28, net income $6.9M on $54.9M revenue. But those profits follow a fiscal Q3 2025 net loss of $16.9M and fiscal Q2 2025 net loss of $27.3M. Cash is the real test: trailing free cash flow is -$60.3M, and FairStock's FCF yield is -106.6% against a $56.6M market cap at the 2026-10-13 close. FairStock also calculates a P/E of -0.82 at that close, EV/EBITDA 8.21, Piotroski 4/9, Altman Z -2.58, and a 17/100 score. A low price is not the same as cheap. Without sustainable positive cash flow and a competitive moat, I see a speculative turnaround, not a Graham bargain.

In plain English: SunPower sells and installs solar and battery systems. The business has lost money in each of the last four years, though it earned small profits in the two most recent reported quarters. At 27 cents a share, the price looks very low, but the losses and cash burn mean it is not clearly supported by the company's numbers.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-28) · fiscal Q1 2026 10-Q (period ended 2026-03-29) · fiscal Q3 2025 10-Q (period ended 2025-09-28) · fiscal Q2 2025 10-Q (period ended 2025-06-29) · FY2025 10-K (period ended 2025-12-28) · FY2024 10-K (period ended 2024-12-29) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer