[ad_1]

SunPower Co. (NASDAQ:SPWR) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.16.

A number of equities research analysts recently commented on SPWR shares. Barclays started coverage on SunPower in a research report on Monday, January 7th. They issued an “underweight” rating and a $4.00 target price on the stock. BidaskClub upgraded SunPower from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 28th. Credit Suisse Group lowered SunPower from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $7.00 in a research report on Friday, February 15th. ValuEngine upgraded SunPower from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Bank of America lowered SunPower from a “neutral” rating to an “underperform” rating and set a $6.00 target price on the stock. in a research report on Friday, February 15th.

A number of hedge funds and other institutional investors have recently modified their holdings of SPWR. ETF Managers Group LLC boosted its position in SunPower by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 16,339 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 2,226 shares during the last quarter. Legal & General Group Plc boosted its position in SunPower by 11.7% in the fourth quarter. Legal & General Group Plc now owns 21,138 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 2,214 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in SunPower by 483.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,165 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 20,024 shares during the last quarter. SG Americas Securities LLC boosted its position in SunPower by 75.1% in the fourth quarter. SG Americas Securities LLC now owns 25,935 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 11,124 shares during the last quarter. Finally, Highland Capital Management LP purchased a new stake in SunPower in the third quarter valued at approximately $146,000. Hedge funds and other institutional investors own 27.27% of the company’s stock.

Shares of SPWR stock opened at $6.15 on Friday. SunPower has a fifty-two week low of $4.55 and a fifty-two week high of $10.00. The stock has a market cap of $859.59 million, a PE ratio of -6.99 and a beta of 2.24. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.09 and a current ratio of 1.52.

SunPower (NASDAQ:SPWR) last issued its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported ($0.25) earnings per share for the quarter, topping the Zacks’ 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 previous year, the firm earned $0.25 earnings per share. The company’s revenue was down 36.2% on a year-over-year basis. Sell-side analysts predict that SunPower will post -1.11 EPS for the current year.

SunPower Company Profile

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.

See Also: Balanced Fund

Analyst Recommendations for SunPower (NASDAQ:SPWR)



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.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *