SunPower (NASDAQ: SPWR) – The Solar Comeback in Motion
Why Watch It
SunPower, formerly Complete Solaria, is re-surging under the iconic “SPWR” ticker—revived after acquiring assets from the old SunPower post-bankruptcy. It just posted its first profitable quarter in four years, with Q1 ‘25 revenue of $80.2M and operating profit of $1.3M, signaling a potential inflection point in its turnaround story.
This pivotal moment is driving renewed technical interest, especially as SPWR undergoes rebranding and broader market re-entry. The company officially rebranded under the SunPower name earlier this year, tapping into nostalgia and brand equity for broader visibility.
Key Catalysts
| Catalyst | Insight |
|---|---|
| Return to Profitability | First profitable quarter in four years underscores sustained operational progress. |
| Rebranding for Recognition | The return to the SunPower name offers heritage branding that can reignite institutional and retail interest. |
| Technical Rebound Potential | While not at extreme lows, indicators like RSI and range signals hint the stock could be laying groundwork for a bounce. |
| Solar Policy Commentary | CEO T.J. Rodgers praised the potential removal of the 30% solar ITC, suggesting SunPower can remain solid even if subsidies change. |
Technical Setup
- Relative Strength: Performance lags broader market but is beginning to show stability. Indicators like Bollinger Bands and RSI suggest oversold conditions.
- Price Range: SPWR is currently consolidating between $1.55–$1.65; a breakout above $1.70 with volume could signal renewed rally potential.
- Volume & Signals: Recent “range contraction” patterns—like NR7 and inside days—suggest tightening price action and potential breakout imminent.
Final Take
SunPower may just be entering a new chapter. Its first profitable quarter in years coupled with strategic rebranding and constructive technical indicators make it a compelling under-the-radar name to watch this week. If SPWR breaks above $1.70 with meaningful volume, it could kickstart a sustained rebound for solar turnaround plays.