Public Employees Retirement System of Ohio Maintains Position in SunPower Corporation (NASDAQ:SPWR)

Public Employees Retirement System of Ohio continued to hold its stake in SunPower Corporation (NASDAQ:SPWR) during the first quarter, Holdings Channel reports. The firm owned 25,497 shares of the semiconductor company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in SunPower Corporation were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in SunPower Corporation by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 48,281 shares of the semiconductor company’s stock worth $295,000 after buying an additional 1,848 shares during the last quarter. SG Americas Securities LLC boosted its stake in SunPower Corporation by 138.5% in the first quarter. SG Americas Securities LLC now owns 192,516 shares of the semiconductor company’s stock worth $1,174,000 after buying an additional 111,809 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in SunPower Corporation by 109.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,354 shares of the semiconductor company’s stock worth $130,000 after buying an additional 11,159 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in SunPower Corporation by 38.5% in the first quarter. Parametric Portfolio Associates LLC now owns 152,635 shares of the semiconductor company’s stock worth $931,000 after buying an additional 42,426 shares during the last quarter. Finally, TFS Capital LLC acquired a new stake in SunPower Corporation during the first quarter worth about $126,000. 25.61% of the stock is owned by institutional investors and hedge funds.

SunPower Corporation (NASDAQ:SPWR) traded up 2.23% during midday trading on Friday, hitting $9.16. The stock had a trading volume of 1,311,476 shares. SunPower Corporation has a 1-year low of $5.84 and a 1-year high of $11.70. The stock’s 50-day moving average is $9.85 and its 200-day moving average is $7.89. The stock’s market capitalization is $1.28 billion.

SunPower Corporation (NASDAQ:SPWR) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.24. SunPower Corporation had a negative return on equity of 12.56% and a negative net margin of 21.84%. The company had revenue of $341.50 million for the quarter, compared to analyst estimates of $312.58 million. During the same period in the previous year, the company posted ($0.22) EPS. The firm’s revenue for the quarter was down 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that SunPower Corporation will post ($0.98) EPS for the current fiscal year.

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A number of equities analysts have weighed in on SPWR shares. Deutsche Bank AG upped their price target on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Vetr downgraded SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $12.52 price target for the company. in a research report on Monday, July 31st. BidaskClub downgraded SunPower Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Axiom Securities reaffirmed a “buy” rating on shares of SunPower Corporation in a research report on Saturday, July 22nd. Finally, Zacks Investment Research raised SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. SunPower Corporation has a consensus rating of “Hold” and a consensus target price of $9.57.

About SunPower Corporation

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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Institutional Ownership by Quarter for SunPower Corporation (NASDAQ:SPWR)

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