SunPower Co. (NASDAQ:SPWR) has earned an average recommendation of “Hold” from the twenty research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.90.
Several research analysts have weighed in on the stock. Goldman Sachs Group Inc reissued a “neutral” rating on shares of SunPower in a report on Friday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $7.00 price target on shares of SunPower in a report on Thursday, February 16th. Oppenheimer Holdings Inc. raised shares of SunPower from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Thursday, February 16th. Credit Suisse Group AG reiterated a “hold” rating on shares of SunPower in a research report on Friday, February 10th. Finally, Vetr downgraded shares of SunPower from a “strong-buy” rating to a “buy” rating and set a $8.42 price objective on the stock. in a research report on Wednesday, January 11th.
Shares of SunPower (NASDAQ:SPWR) traded down 0.371% on Tuesday, reaching $6.705. The company had a trading volume of 720,218 shares. SunPower has a 1-year low of $5.84 and a 1-year high of $22.35. The company’s 50 day moving average price is $6.74 and its 200-day moving average price is $7.24. The stock’s market capitalization is $929.65 million.
SunPower (NASDAQ:SPWR) last announced its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.19. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. SunPower had a positive return on equity of 16.65% and a negative net margin of 16.95%. During the same period in the prior year, the business earned $1.73 earnings per share. Equities analysts predict that SunPower will post ($0.87) EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new position in shares of SunPower during the third quarter worth approximately $129,000. CSS LLC IL increased its position in shares of SunPower by 2.1% in the third quarter. CSS LLC IL now owns 18,106 shares of the semiconductor company’s stock worth $162,000 after buying an additional 367 shares during the last quarter. Merriman Wealth Management LLC bought a new position in shares of SunPower during the first quarter worth approximately $122,000. DekaBank Deutsche Girozentrale bought a new position in shares of SunPower during the third quarter worth approximately $190,000. Finally, Creative Planning increased its position in shares of SunPower by 1,045.3% in the third quarter. Creative Planning now owns 22,482 shares of the semiconductor company’s stock worth $201,000 after buying an additional 20,519 shares during the last quarter. 30.80% of the stock is currently owned by hedge funds and other institutional investors.
SunPower Company Profile
SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.
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