Domini Impact Investments LLC lowered its holdings in SunPower Co. (NASDAQ:SPWR) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,414 shares of the semiconductor company’s stock after selling 1,780 shares during the quarter. SunPower accounts for about 1.7% of Domini Impact Investments LLC’s investment portfolio, making the stock its 19th largest position. Domini Impact Investments LLC’s holdings in SunPower were worth $82,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ETF Managers Group LLC lifted its position in shares of SunPower by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 16,339 shares of the semiconductor company’s stock worth $81,000 after buying an additional 2,226 shares during the period. SG Americas Securities LLC raised its position in SunPower by 75.1% in the 4th quarter. SG Americas Securities LLC now owns 25,935 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 11,124 shares during the last quarter. Highland Capital Management LP bought a new position in SunPower in the 3rd quarter valued at $146,000. Alps Advisors Inc. raised its position in SunPower by 21.7% in the 4th quarter. Alps Advisors Inc. now owns 31,732 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 5,652 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in SunPower by 19.9% in the 4th quarter. North Star Investment Management Corp. now owns 36,200 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 6,000 shares during the last quarter. 27.59% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on SPWR. BidaskClub upgraded SunPower from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Credit Suisse Group cut SunPower from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $7.00 in a research note on Friday, February 15th. Zacks Investment Research raised SunPower from a “strong sell” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Tuesday. Barclays assumed coverage on SunPower in a research note on Monday, January 7th. They issued an “underweight” rating and a $4.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on SunPower in a research note on Thursday, April 11th. They issued a “neutral” rating and a $7.50 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. SunPower currently has an average rating of “Hold” and an average price target of $7.11.
Shares of SunPower stock traded up $0.11 during trading on Tuesday, reaching $7.58. The stock had a trading volume of 927,700 shares, compared to its average volume of 1,719,022. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -8.61 and a beta of 2.30. SunPower Co. has a 52 week low of $4.55 and a 52 week high of $10.00. The company has a debt-to-equity ratio of 39.39, a current ratio of 1.52 and a quick ratio of 1.09.
SunPower (NASDAQ:SPWR) last released its earnings results on Wednesday, February 13th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.13. SunPower had a negative return on equity of 83.67% and a negative net margin of 46.99%. The business had revenue of $525.40 million for the quarter, compared to analyst estimates of $566.06 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. SunPower’s revenue was down 36.2% on a year-over-year basis. On average, equities analysts expect that SunPower Co. will post -0.89 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was first published by PressOracle and is owned by of PressOracle. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://pressoracle.com/news/2019/04/16/sunpower-co-spwr-holdings-cut-by-domini-impact-investments-llc.html.
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.
Receive News & Ratings for SunPower Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SunPower and related companies with MarketBeat.com’s FREE daily email newsletter.