|Bid||22.60 x 1100|
|Ask||22.63 x 900|
|Day's Range||22.13 - 23.62|
|52 Week Range||3.99 - 57.52|
|Beta (5Y Monthly)||1.96|
|PE Ratio (TTM)||9.18|
|Earnings Date||Aug. 03, 2021 - Aug. 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.51|
Shares of solar energy company SunPower (NASDAQ: SPWR) went on a wild ride on Wednesday after the company reported first-quarter 2021 earnings. Quarterly revenue at SunPower was $306.4 million, gross margins were 16.3%, non-GAAP (adjusted) net income was $9.3 million, or $0.05 per share, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $19.1 million.
As electric vehicle (EV) sales rise around the world, there will be a number of industries that directly benefit from the change in energy consumption. Electricity consumption could rise, millions of EV chargers will be needed, and there will be a huge demand for raw materials. Travis Hoium (SunPower): Rooftop solar and electric vehicles aren't directly related, but they serve a similar customer base, and it's well known that EV owners are far more likely to have rooftop solar than the general population and vice versa.
SPWR earnings call for the period ending March 31, 2021.