SunPower Corp

SPWR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$4.00	Npr	Cksb

SunPower: Shares Fall After Company Discloses Subsidiary Covenant Breach

Brett Castelli

Dec 18, 2023

We maintain our $4.50 fair value estimate for no-moat SunPower following an 8-K filing disclosing a covenant breach at a subsidiary. We view SunPower shares as fairly valued. Our Very High Uncertainty Rating and Poor Capital Allocation Rating are unchanged.

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