SunPower (SPWR) Scheduled to Post Earnings on Wednesday

SunPower (NASDAQ:SPWR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 13th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Shares of SunPower stock opened at $5.81 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.17 and a debt-to-equity ratio of 39.39. SunPower has a 1 year low of $4.55 and a 1 year high of $10.00. The stock has a market cap of $821.14 million, a price-to-earnings ratio of -14.17 and a beta of 2.24.

In other SunPower news, insider Vidul Prakash sold 24,826 shares of the stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $6.88, for a total transaction of $170,802.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 26,470 shares of company stock worth $179,122. 0.88% of the stock is owned by company insiders.

SPWR has been the topic of several recent research reports. Barclays initiated coverage on shares of SunPower in a report on Monday, January 7th. They set an “underweight” rating and a $4.00 target price on the stock. BidaskClub upgraded shares of SunPower from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 28th. ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of SunPower from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.13.

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About SunPower

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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Earnings History for SunPower (NASDAQ:SPWR)

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