Sentiment for Sunpower Corp (NASDAQ:SPWR)
Sunpower Corp (NASDAQ:SPWR) institutional sentiment decreased to 1.02 in Q4 2018. Its down -0.21, from 1.23 in 2018Q3. The ratio dived, as 50 investment professionals increased and started new equity positions, while 49 sold and decreased their stakes 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 equity positions 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 $1.05 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 1.37% or $0.1 during the last trading session, reaching $7.4. About 1.85 million shares traded or 5.52% up from the average. SunPower Corporation (NASDAQ:SPWR) has declined 8.92% since April 7, 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 purchases, and 1 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 -29.05% below today’s ($7.4) share price. SPWR was included in 4 notes of analysts from January 8, 2019. The company was downgraded on Friday, February 15 by Bank of America. Credit Suisse downgraded the stock to “Hold” rating in Friday, February 15 report.
More notable recent SunPower Corporation (NASDAQ:SPWR) news were published by: Fool.com which released: “The U.S. Solar Industry Shows Resilience in 2018 – The Motley Fool” on March 22, 2019, also Seekingalpha.com with their article: “Enphase Bursting With Energy – Seeking Alpha” published on March 19, 2019, Nasdaq.com published: “Options Traders Expect Huge Moves in SunPower (SPWR) Stock – Nasdaq” on March 25, 2019. More interesting news about SunPower Corporation (NASDAQ:SPWR) were released by: Nasdaq.com and their article: “Why SunPower Is Down 18% in 2018 – Nasdaq” published on December 01, 2018 as well as Streetinsider.com‘s news article titled: “SunPower (SPWR) PT Raised to $8 at Baird After Investor Day, Analyst Warming To Neutral Rated Co – StreetInsider.com” with publication date: March 28, 2019.
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