SunPower (SPWR) Stock Price Down 0%

SunPower Co. (NASDAQ:SPWR)’s share price was down 0% during mid-day trading on Tuesday . The company traded as low as $8.52 and last traded at $8.62. Approximately 3,562,182 shares changed hands during trading, an increase of 33% from the average daily volume of 2,682,228 shares. The stock had previously closed at $8.62.

A number of equities analysts recently issued reports on SPWR shares. BidaskClub raised shares of SunPower from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Bank of America set a $10.00 target price on shares of SunPower and gave the stock a “hold” rating in a research report on Thursday, December 28th. ValuEngine raised shares of SunPower from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research lowered shares of SunPower from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird raised shares of SunPower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $7.00 to $10.00 in a research report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.85.

The stock has a market cap of $1,200.00, a price-to-earnings ratio of -2.14 and a beta of 3.16. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.02 and a current ratio of 1.41.

SunPower (NASDAQ:SPWR) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.60. The firm had revenue of $477.20 million for the quarter, compared to analyst estimates of $383.76 million. SunPower had a negative net margin of 24.91% and a negative return on equity of 20.81%. The business’s revenue for the quarter was down 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. equities research analysts forecast that SunPower Co. will post -0.77 EPS for the current year.

In other SunPower news, Director Catherine A. Lesjak sold 23,632 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total value of $177,240.00. Following the sale, the director now owns 55,924 shares of the company’s stock, valued at approximately $419,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.92% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cortland Associates Inc. MO bought a new stake in shares of SunPower in the 3rd quarter worth about $109,000. Oppenheimer & Co. Inc. bought a new stake in shares of SunPower in the 3rd quarter worth about $112,000. HighTower Advisors LLC bought a new stake in shares of SunPower in the 2nd quarter worth about $124,000. WFG Advisors LP grew its holdings in shares of SunPower by 7.6% in the 2nd quarter. WFG Advisors LP now owns 15,550 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of SunPower by 340.9% in the 2nd quarter. Quantbot Technologies LP now owns 15,986 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 12,360 shares during the last quarter. 25.39% of the stock is currently owned by institutional investors and hedge funds.

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About SunPower

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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