SunPower Corporation is an NASDAQ listed company, trading under the symbol SPWR. The current stock price is 16.29 with 0.2462 percent change and a market capitalization of 2837441200. The 50 day average price was 18.32 and 200 day average price was 19.85565, the highest being 28.42 and the lowest 12.78. The daily high was 16.3 and daily low 15.5299, with an open of 16.09 and previous close of 16.25 showing a 0.04 percent change in values . On analysing its revenue data , we can draw a few conclusions about SunPower Corporation’s financial situation over the past year .
The first quarter ending 15th Feb 2023 had a projected estimated income of 486,510,000 which was not actualised resulting in a net income of zero for that quarter . However the second quarter ending 08th Nov 2022 had an actualised income of 475,711,000 , surpassing the projected estimate by almost double . This showed a drastic improvement in performance compared to the first quarter .
The third quarter ending 02nd Aug 2022 saw 417,772,000 being earned by Sun Power Corporation which was actually lower than what it had originally predicted as part of its estimates - 495 million dollars as opposed to 417 million dollars which were actualized indicating some level of caution exercised before making projections or due to external market factors affecting their results during this period .
In fourth quarter ending 05th May 2022 , they managed to earn 350,277,000 dollars which was exactly what they predicted as part their initial estimates illustrating their understanding on how well their business would perform that particular period . Finally , for fifth quarter ending 16th Feb 2023 , though Sun Power Corporation had initially predicted 379 million dollars as revenue but could only earn 384 million coming slightly short than earlier forecasted results .
Overall , despite having two quarters where minimum targets were not met due largely to external factors outwith their control , Sun Power Corporation has seen steady growth on revenues over past year although its performance could still do better with some improvement in forecasting capabilities .
