Should I Buy Sunpower Stock in 2025? A Canadian Perspective

What is Sunpower?

How much is Sunpower stock?

The price of Sunpower stock is rising this week. As of the latest close, SPWR is trading at $1.92, reflecting a 24-hour gain of +2.13% and a weekly increase of +2.94%. Sunpower currently holds a market capitalization of $153.92 million, with an average three-month trading volume of 518,560 shares. The company does not offer a dividend, and with negative earnings reported in recent quarters, there is no P/E ratio available. The stock’s beta stands at 0.83, suggesting lower volatility than the broader market. Investors in California may find the recent positive momentum notable, but should remain mindful of potential swings common to the solar sector.

Our full analysis on Sunpower stock

We have carefully reviewed SunPower Corporation's latest financial results and the stock's performance trajectory over the past three years, evaluating both cyclical shifts and exceptional company-specific events. Drawing on a rigorous synthesis of financial and technical indicators, market intelligence, and competitive positioning—processed through our proprietary analytical frameworks—we have identified clear signals pointing to a renewed phase of opportunity for SunPower. So, why might SunPower stock once again become a strategic entry point into the North American solar technology sector in 2025?

Recent Performance and Market Context

After a turbulent period marked by bankruptcy and subsequent acquisition, SunPower (SPWR) has recently demonstrated a marked recovery and resurgence of investor interest. As of May 19, 2025, the stock trades at $1.92, reflecting a +2.13% gain over the last 24 hours, +2.94% for the week, and—most impressively—a 52.38% increase over the past year. This strong price appreciation establishes SPWR not only as a comeback story, but one that has outperformed many peers in the residential solar space.

Key positive recent events are driving this momentum. Following Complete Solaria’s acquisition and rebranding as SunPower in April 2025, the company has pivoted to a leaner, more agile operating model under the seasoned leadership of T.J. Rodgers. The Q1 2025 report was a turning point: SunPower delivered $80.2 million in revenue and posted its first operating profit in four years, signaling stabilization and validating the restructuring efforts. The company has also secured a high-profile partnership with Sunder, a major solar sales group, and reinforced its governance by appointing experienced industry leaders and tech visionaries to its board and advisory teams.

The broader macroeconomic and sector backdrop is also turning encouraging. The U.S. solar industry is experiencing a new phase of growth, with national manufacturing capacity projected to surge from 17 to 66 gigawatts between 2023 and 2025. The Inflation Reduction Act continues to underwrite solar adoption with robust fiscal incentives, and, after recent disruptions due to higher interest rates and policy transitions, the residential solar segment is stabilizing. Against this background, SunPower stands well-positioned to capture fresh demand in the California and broader North American market.

Technical Analysis

From a technical perspective, SunPower’s chart structure is sending constructive signals that reinforce the case for entry. The stock’s Relative Strength Index (RSI) stands at 55.84%, in the neutral-to-bullish range, suggesting further upside potential without being overextended. The MACD (0.0327) is positive, indicative of ongoing bullish momentum.

Most notably, all major moving averages have now pivoted to the upside, with the stock price trading above the 20-, 50-, 100-, and 200-day moving averages ($1.88, $1.69, $1.69, and $1.86, respectively). This rare technical alignment signals strong underlying support and a possible structural shift in trend. The key support zone around $1.83 highlights a robust base, while resistance at the psychologically significant $2.00 and recent highs of $2.20 may soon be tested given current momentum. These factors suggest the potential for a bullish technical breakout in the short to medium term.

Fundamental Analysis

A closer look at SunPower’s fundamentals suggests that the company’s transformation is both structural and sustainable. Achieving $80.2 million in revenue during the seasonally weak Q1, along with a $1.3 million operating profit (on a non-GAAP basis), marks the end of a multi-year loss streak and confirms the efficacy of recent operational improvements. The drastic reduction in headcount from 3,499 to 906 since October 2024 has not only supported this profitability, but also indicates potential for sustained lean growth.

At a market capitalization of $153.92 million and a revenue run-rate projected above $300 million annually, the price-to-sales (P/S) ratio stands at just 1.31—an appealing figure relative to industry peers in technology and clean energy. While the price-to-earnings ratio is not yet applicable due to historic losses, the return to operating profitability shifts the narrative decisively towards future earnings power.

• Iconic Brand Recognition: The SunPower name remains synonymous with quality among U.S. consumers and installers.
• Innovation Leadership: The strategic return of Dr. Richard Swanson as technology advisor, together with the hiring of energy storage expert Dr. Mehran Sedigh, reignites the company’s intellectual capital and positions it to lead in next-generation solar-plus-storage offerings.
• Market Share and Channel Reach: The new partnership with Sunder is set to expand reach and accelerate sales, especially in the high-growth Salt Lake region and beyond.

These attributes combined with leaner operations and proven management increase confidence in a renewed growth cycle and justify a resurgence of investor interest at today’s valuations.

Volume and Liquidity

Trading activity remains robust, with current daily volume at 254,065 shares and a three-month average near 518,560. This active turnover signifies solid market confidence and ensures that investors—both retail and institutional—can execute meaningful trades without excessive slippage. The float, shaped by recent corporate events, is now balanced between stability and responsiveness, setting the stage for dynamic valuation upwards should positive catalysts unfold.

Catalysts and Positive Outlook

• New Strategic Partnerships: The Sunder collaboration is anticipated to drive substantial incremental sales, with first results expected in Q3 2025. Early indications suggest channel synergies and salesforce expansion are already underway.
• Innovation Pipeline: With the expertise of Dr. Swanson and Dr. Sedigh, SunPower is positioned to enhance its residential solar offering—potentially introducing integrated solar-plus-storage solutions that command premium margins.
• Management Depth: The expansion of the board with three former public-company CEOs and the continuing leadership of Silicon Valley veteran T.J. Rodgers ensure a steady hand at the helm.
• Macro Tailwinds: Federal and state policies continue to endorse solar adoption, with the Inflation Reduction Act’s incentives set to boost demand, particularly in sustainability-minded regions such as California.
• ESG Rising: SunPower stands to benefit from increasing Environmental, Social, and Governance (ESG) flows into clean tech; its operational turnaround, job preservation, and clean energy focus are attractive to institutional ESG mandates.
• Sector Re-rating Potential: A successful, sustained return to profitability could prompt upward valuation revisions from both buy- and sell-side analysts, with consensus price targets currently indicating possible significant upside (median target at $4.00 per share).

Investment Strategies

SunPower’s technical setup, combined with transformational operational progress, lends itself to a variety of entry approaches across investment horizons:

• Short-Term Entry: Traders may find opportunity in price consolidations above key support ($1.83), with technical breakouts above $2.00/$2.20 as attractive inflection points. Volatility and volume provide an ideal environment for nimble buy-and-hold or momentum strategies.
• Medium-Term Entry: Investors seeking to capture the upside from Q3 2025’s Sunder partnership ramp-up or the next quarterly earnings catalyst may see the current base-building phase as a timely opportunity, with upside defined by historical resistance targets and growing revenue run rate.
• Long-Term Thesis: The multi-year transformation story—anchored by brand power, a proven leadership team, renewed technological innovation, and scalable partnerships—makes a compelling case for a core holding within a diversified clean technology portfolio. The low P/S ratio, ongoing operational improvements, and potential for sector re-rating further strengthen the argument.

Building positions as the stock demonstrates sustained trading above its key moving averages, or on pullbacks to technical support, could be a prudent way to participate in what appears to be the early innings of a broader recovery.

Is it the Right Time to Buy SunPower?

Reviewing the evidence, several strengths converge to support a positive outlook: a dramatic operational turnaround, return to profitability, energized management and board, the revival of strong brand equity, and confirmation from both technical and fundamental data that momentum is building. The current market environment favors clean technology adoption—especially in California—and SunPower’s modest valuation compared to its growth levers suggests that renewed interest is thoroughly justified.

With structural tailwinds accelerating, industry growth resuming, and new partnerships about to bear fruit, the risk/reward calculus appears increasingly asymmetric to the upside. SunPower seems to represent an excellent opportunity for investors seeking quality exposure to the rapidly expanding solar technology sector, offering both tactical trade potential and strategic long-term value. Its confluence of technical strength, operational momentum, and credible growth catalysts justifies a renewed and optimistic consideration of SunPower at this pivotal moment in its journey.

For those focused on transformative stories with proven upside potential, SunPower stands out as a stock where timing and fundamentals are aligned, positioning it as a noteworthy candidate for fresh capital allocation in a dynamic market landscape.

How to buy Sunpower stock in CA?

Buying SunPower (SPWR) stock online is a straightforward and secure process for Canadian investors when using a regulated broker. Most platforms allow you to open an account, fund it in Canadian dollars, and purchase shares within minutes. You can either engage in traditional “spot buying” for direct ownership or use contracts for difference (CFDs) for leveraged trading. Both options are easily accessible from your desktop or mobile. Your investment is safeguarded by regulatory oversight and investor protection schemes in Canada. Read on for a detailed comparison of spot buying and CFD trading—and see our broker comparison tool further down the page.

Spot buying

When you buy SunPower stock “for cash” (spot buying), you become a direct shareholder and own the underlying shares. This is a popular and low-risk method, letting you participate in the company’s long-term potential and receive any future dividends (though SunPower does not currently offer one). Canadian brokers usually charge a fixed commission per trade—typically between $4.95 and $9.95 CAD, depending on the platform.

Informations importantes

Example: Suppose the SunPower share price is $1.92 USD, which is about $2.60 CAD (based on an exchange rate of 1.35). With a $1,000 CAD investment (after deducting a $5 commission), you have about $995 left for shares. At $2.60 per share, you can buy approximately 382 shares of SunPower.

✔️ Gain scenario: If the share price rises by 10%, your shares are now worth about $1,100 CAD.
Result: +$100 gross gain, representing +10% on your original investment (excluding exchange rate and taxes).

Trading via CFD

CFDs (Contracts for Difference) allow you to speculate on SunPower’s share price movements—up or down—without owning the actual shares. CFDs are popular for their flexibility and ability to use leverage (borrowing funds to increase your exposure). With most regulated brokers in Canada, you trade at a quoted spread (the difference between buy/sell prices) and may pay overnight financing fees if you keep positions open for more than a day.

Informations importantes

Example: You open a CFD position on SunPower shares with a $1,000 CAD stake and use 5x leverage. This means you control $5,000 CAD worth of SunPower stock exposure.

✔️ Gain scenario: If the share price rises by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain on your $1,000 initial margin (before fees and commissions).

Final advice

Before investing, it’s crucial to compare brokers’ fees, trading platforms, and currency conversion conditions to find the offer best suited to your needs. Whether you choose spot buying for direct ownership or CFDs for leveraged trading, your choice should match your investment goals, risk tolerance, and market outlook. You’ll find a detailed broker comparison further down this page to help you make an informed and confident decision.

Our 7 tips for buying Sunpower stock

The latest news about Sunpower

SunPower stock has delivered a 2.94% gain this week, driven by a wave of bullish technical signals. Over the past seven days, shares closed at $1.92, with price action consistently above the 20-day, 50-day, 100-day, and 200-day moving averages, which is a strong indicator of positive momentum. The MACD remains positive and the RSI at 55.84% signals healthy, slightly bullish territory, suggesting continued investor optimism. This technical outperformance is notable compared to other residential solar peers and has particular resonance in the California market, where SunPower is headquartered and has considerable brand recognition.

SunPower reported its first profitable quarter in four years, signaling a successful turnaround for its California-based operations. In Q1 2025, the company posted $80.2 million in revenue and a $1.3 million operating profit (non-GAAP), delivering results in line with expectations despite lingering industry headwinds. The company’s headcount reduction from nearly 3,500 to just over 900 employees highlights aggressive, effective expense management. This operational efficiency has helped solidify SunPower’s financial foundation in a state that remains at the heart of U.S. residential solar adoption and innovation.

Strategic leadership changes—including new board members and key expert hires—have strengthened SunPower’s position for innovation and growth. Recently, SunPower added three former public-company CEOs to its board, enhancing governance and strategic oversight. The recruitment of Dr. Richard Swanson, the company’s original founder, as technology advisor and Dr. Mehran Sedigh, a leading energy storage expert from Enphase Energy, demonstrates a bolstered commitment to technological leadership. This infusion of expertise is expected to drive continued product and service innovation, which is essential for maintaining a competitive advantage in the high-growth, innovation-driven California market.

SunPower’s successful rebranding and asset acquisition have revitalized its presence and brand equity in the California solar industry. The official relaunch as SunPower in April 2025 following Complete Solaria’s acquisition of the iconic brand’s assets—headquartered in Fremont, CA—has allowed the company to capitalize on longstanding customer trust and industry relationships. This rebranding ensures continuity for SunPower’s extensive regional network of installers and sales partners, supporting local job retention and economic activity within California’s robust renewables sector.

Industry-wide stabilization and supportive legislative frameworks, especially in California, provide a favorable backdrop for SunPower’s ongoing recovery. U.S. and California-specific solar markets are showing signs of stabilization after recent challenges from interest rate hikes and incentive changes. Ongoing support from federal policies like the Inflation Reduction Act, along with California’s commitment to residential and distributed solar, bolster the demand outlook. As manufacturing capacity and consumer adoption increase, this positive regulatory and market environment directly benefits SunPower’s local operations and future stock performance.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.