Shares of SunPower Co. (NASDAQ:SPWR) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.11.
A number of equities analysts recently commented on SPWR shares. ValuEngine upgraded SunPower from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Barclays started coverage on SunPower in a report on Monday, January 7th. They set an “underweight” rating and a $4.00 price target for the company. Zacks Investment Research upgraded SunPower from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Wednesday, January 9th. BidaskClub upgraded SunPower from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. assumed coverage on SunPower in a report on Thursday, April 11th. They set a “neutral” rating and a $7.50 price objective for the company.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in shares of SunPower by 10.2% during the third quarter. Vanguard Group Inc now owns 6,265,071 shares of the semiconductor company’s stock worth $45,735,000 after acquiring an additional 580,984 shares during the period. Vanguard Group Inc. boosted its holdings in shares of SunPower by 10.2% during the third quarter. Vanguard Group Inc. now owns 6,265,071 shares of the semiconductor company’s stock worth $45,735,000 after acquiring an additional 580,984 shares during the period. Norges Bank bought a new stake in shares of SunPower during the fourth quarter worth approximately $5,873,000. Northern Trust Corp boosted its holdings in shares of SunPower by 0.4% during the fourth quarter. Northern Trust Corp now owns 760,039 shares of the semiconductor company’s stock worth $3,778,000 after acquiring an additional 3,007 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of SunPower by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 743,670 shares of the semiconductor company’s stock worth $3,696,000 after acquiring an additional 31,794 shares during the period. Institutional investors own 27.09% of the company’s stock.
SunPower stock opened at $7.62 on Friday. SunPower has a 52 week low of $4.55 and a 52 week high of $9.60. The company has a debt-to-equity ratio of 39.39, a current ratio of 1.52 and a quick ratio of 1.09. The stock has a market cap of $1.08 billion, a P/E ratio of -8.66 and a beta of 2.30.
SunPower (NASDAQ:SPWR) last posted its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $566.06 million. During the same quarter last year, the company posted $0.25 earnings per share. SunPower’s quarterly revenue was down 36.2% on a year-over-year basis. As a group, sell-side analysts predict that SunPower will post -0.89 EPS for the current year.
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.
Featured Story: Why are trading ranges significant?
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.