SunPower receives notice of deficiency from Nasdaq on delayed annual report

Written by Emily J. Thompson, Senior Investment Analyst

SPWR+2.37%

Updated: May 02 2025

0mins

Nasdaq Compliance Notification: SunPower received a deficiency notification from Nasdaq on April 28, 2025, for failing to timely file its Annual Report on Form 10-K for the year ended December 29, 2024, violating Listing Rule 5250(c)(1).
Filing Update: The company announced it would submit its delayed 2024 Form 10-K by April 30, 2025, which was subsequently filed along with audited financial statements on that date.

SPWR

$1.73+Infinity%1D

Analyst Views on SPWR

Wall Street analysts forecast SPWR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPWR is 4.50 USD with a low forecast of 3.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 1.690

Low

3.00

Averages

4.50

High

6.00

Current: 1.690

Low

3.00

Averages

4.50

High

6.00

Cantor Fitzgerald

Overweight

maintain

$5 -> $6

Al Analysis

2025-09-29

Reason

Cantor Fitzgerald

Price Target

$5 -> $6

Al Analysis

2025-09-29

maintain

Overweight

Reason

Cantor Fitzgerald raised the firm's price target on SunPower to $6 from $5 and keeps an Overweight rating on the shares after the company last week announced that it has agreed to acquire rooftop solar sales company Sunder Energy. The firm sees the deal offering \"inexpensive, high-margin\" revenue plus an immediate revenue synergy opportunity, the analyst tells investors.

Northland

Outperform

maintain

2025-09-26

Reason

Northland

Price Target

2025-09-26

maintain

Outperform

Reason

Northland raised the firm's price target on Complete Solaria to $5.40 from $3 and keeps an Outperform rating on the shares after updating the firm's model to reflect the impact of the Sunder acquisition that closed on Wednesday, calling the transaction \"transformational.\" The firm expects the overall U.S. solar market will shrink 20% in calendar year 2026, with most of the decline coming in the first half and thinks there will be a steady recovery in the back half, the analyst noted.

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Northland

analyst

Outperform

initiated

2025-09-08

Reason

Northland

analyst

Price Target

2025-09-08

initiated

Outperform

Reason

Northland initiated coverage of Complete Solaria with an Outperform rating and $3 price target. Long tail residential installers are under financial pressure and Complete Solaria is rolling up installation capacity with \"a relentless focus on operational efficiency,\" says the analyst, who contends that the company will emerge from this period as \"a significant national player.\"

About SPWR

SunPower Inc. is a solar installation and service company. The Company is a residential solar services provider in North America. Its digital platform and installation services support energy needs for customers who want to make the transition to an energy-efficient lifestyle. The Company's segment includes Residential Solar Installation and New Homes Business. The Residential Solar Installation segment performs solar system, storage and battery installations for residential homeowners. The New Homes Business segment performs solar system installations for new home builders. Its energy solutions include solar panels and solar battery storage.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.