SunPower Corp. (SPWR)


July 17, 2024

It Looks Like the Sun is Setting on SunPower

By Gordon L. Johnson II

Wow… That Can’t be Good. Below, in Ex. 1, we provide a letter sent by SunPower (SPWR; SELL) to its customers around 1:39pm EST today. In what follows, we provide our take. SunPower is No…

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July 15, 2024

SunPower Issues What We See as Among the Most “Shockingly Bad” 8-K Disclosures We’ve Seen in our ~22yrs Analyzing Stocks (yet, it seems, NO ONE CARES [for now])

By Gordon L. Johnson II

Hold On… Come Again? Last Friday, unbeknownst to many (it seems), SPWR (link) filed an amendment to its July 3rd 8-K, which provided additional information, this time from Ernst & Young (“EY”). more specifically, in…

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July 8, 2024

SunPower’s “Surreptitious” 8-K Released at 5pm EST After the Markets Closed on July 3rd Confirms our Worst Fears; Reiterate SELL & Subdued Outlook

By Gordon L. Johnson II

SunPower Releases “Horror Show” of an 8-K, After the Markets Closed July 3rd at 5pm EST (almost as if to “sneak” it by investors ahead of a national U.S. holiday). In short, another day, another…

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June 3, 2024

Does Sunpower’s 8-K Released Today Show the Company is “Knocking on Death’s Doorstep”, Despite a Seemingly Oblivious Wall Street Sell-Side?

By Gordon L. Johnson II

Does the Intraday Surge in Sunpower’s Stock Today, Juxtaposed Against its 8-K Filing this Morning, Suggest Wall Street (and Specifically Sunpower Bulls) is in for a “Rude Awakening”? In the analysis below, we look to…

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May 14, 2024

Is the “Roaring Kitty”-Driven Meme Stock Short Squeeze Pushing SunPower Higher an Outlier, and if So… Does that Set the Stock Up as a Great Short… Yet Again?

By Gordon L. Johnson II

Which One of these Things (SPWR + GME + AMC) is Not Like the Other? When meme stocks squeeze, typically, owners of the stock hold firm onto the shares, causing fear among the “shorts“, sending…

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January 16, 2024

Is the Sun Setting on SunPower… or Has it Already Set (And the Masses Just Don’t Know it Yet)?

By Gordon L. Johnson II

In this Note, in Addition to Updating our Extensive Bottom-Up SunPower Earnings Driver Model, We Update our Outlook on the Company. In the analysis that follows, following: (1) the Dec. 22nd, 2023 decision by Atlas…

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April 18, 2023

Surging U.S. Risk-Free Interest Rates + Weak CA Installs in Jan./Feb. + New PG&E Rate Reform Proposal = Tough Times Ahead for SunPower

By Gordon L. Johnson II

We Expect Stronger Headwinds for SunPower in 1H23E vs. Cons. Expectations; 2H23E Could Also be Plagued with Economic Hardships as a Solar Price War Erupts. On 2/16/23, when SPWR provided 2023E guidance for: (a) 90K-110K…

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