Sentiment for Sunpower Corp (NASDAQ:SPWR)
Sunpower Corp (NASDAQ:SPWR) institutional sentiment decreased to 1.02 in 2018 Q4. Its down -0.21, from 1.23 in 2018Q3. The ratio is negative, as 50 investment professionals increased or started new holdings, while 49 sold and trimmed positions in Sunpower Corp. The investment professionals in our partner’s database now have: 33.03 million shares, up from 32.70 million shares in 2018Q3. Also, the number of investment professionals holding Sunpower Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 38 Increased: 35 New Position: 15.
SunPower Corporation researches, develops, makes, and delivers solar solutions worldwide. The company has market cap of $1.08 billion. It operates through three divisions: Residential, Commercial, and Power Plant. It currently has negative earnings. The firm provides solar power components, including panels and other system components.
The stock increased 0.27% or $0.02 during the last trading session, reaching $7.56. About 1.55 million shares traded. SunPower Corporation (NASDAQ:SPWR) has declined 8.92% since May 6, 2018 and is downtrending. It has underperformed by 13.29% the S&P500.
Analysts await SunPower Corporation (NASDAQ:SPWR) to report earnings on May, 14. They expect $-0.53 earnings per share, down 112.00 % or $0.28 from last year’s $-0.25 per share. After $-0.25 actual earnings per share reported by SunPower Corporation for the previous quarter, Wall Street now forecasts 112.00 % negative EPS growth.
Rock Point Advisors Llc holds 1.86% of its portfolio in SunPower Corporation for 728,225 shares. Domini Impact Investments Llc owns 16,414 shares or 1.65% of their US portfolio. Moreover, Icm Asset Management Inc Wa has 0.5% invested in the company for 115,320 shares. The California-based Guinness Atkinson Asset Management Inc has invested 0.28% in the stock. Guinness Asset Management Ltd, a United Kingdom-based fund reported 240,077 shares.
Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $4,155 activity.
SunPower Corporation (NASDAQ:SPWR) Ratings Coverage
Ratings analysis reveals 0 of SunPower’s analysts are positive. Out of 3 Wall Street analysts rating SunPower, 0 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. The lowest target is $3.5 while the high is $7. The stock’s average target of $5.25 is -30.56% below today’s ($7.56) share price. SPWR was included in 7 notes of analysts from January 8, 2019. Credit Suisse downgraded SunPower Corporation (NASDAQ:SPWR) rating on Friday, February 15. Credit Suisse has “Hold” rating and $7 target. The firm earned “Sell” rating on Friday, February 15 by Bank of America.
More notable recent SunPower Corporation (NASDAQ:SPWR) news were published by: Nasdaq.com which released: “Bull Of The Day: SunPower Corp (SPWR) – Nasdaq” on May 01, 2019, also Fool.com with their article: “SunPower Introduces Its Key Product for 2019 – Motley Fool” published on March 06, 2019, Nasdaq.com published: “SunPower, 3M, Apple, Mondelez and Advanced Micro as Zacks Bull and Bear of the Day – Nasdaq” on May 01, 2019. More interesting news about SunPower Corporation (NASDAQ:SPWR) were released by: 247Wallst.com and their article: “Short Sellers Hunt Profits in Solar, Alternative Energy Stocks – 24/7 Wall St.” published on April 26, 2019 as well as Nasdaq.com‘s news article titled: “Enphase Energy to Receive Infineon’s 600 V Power Transistors – Nasdaq” with publication date: April 09, 2019.
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