SPWR has been the topic of several other research reports. ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of SunPower from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a report on Wednesday, January 9th. JPMorgan Chase & Co. initiated coverage on shares of SunPower in a report on Thursday, April 11th. They issued a “neutral” rating and a $7.50 price target on the stock. Bank of America lowered shares of SunPower from a “neutral” rating to an “underperform” rating and set a $6.00 price target on the stock. in a report on Friday, February 15th. Finally, Credit Suisse Group lowered shares of SunPower from an “outperform” rating to a “neutral” rating and cut their price target for the company from $10.00 to $7.00 in a report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.11.
NASDAQ SPWR opened at $7.78 on Wednesday. SunPower has a one year low of $4.55 and a one year high of $9.60. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.09 and a current ratio of 1.52. The company has a market capitalization of $1.09 billion, a P/E ratio of -8.84 and a beta of 2.32.
SunPower (NASDAQ:SPWR) last posted its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.13. SunPower had a negative net margin of 46.99% and a negative return on equity of 83.67%. The firm had revenue of $525.40 million for the quarter, compared to analyst estimates of $566.06 million. During the same quarter last year, the firm posted $0.25 earnings per share. SunPower’s revenue for the quarter was down 36.2% compared to the same quarter last year. Equities research analysts predict that SunPower will post -0.89 EPS for the current year.
Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its position in SunPower by 40.4% in the fourth quarter. Rhumbline Advisers now owns 90,729 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 26,089 shares in the last quarter. Canal Insurance CO acquired a new stake in SunPower in the fourth quarter valued at approximately $298,000. Vanguard Group Inc grew its position in SunPower by 10.2% in the third quarter. Vanguard Group Inc now owns 6,265,071 shares of the semiconductor company’s stock valued at $45,735,000 after acquiring an additional 580,984 shares in the last quarter. MetLife Investment Advisors LLC grew its position in SunPower by 55.4% in the third quarter. MetLife Investment Advisors LLC now owns 48,884 shares of the semiconductor company’s stock valued at $357,000 after acquiring an additional 17,431 shares in the last quarter. Finally, SG Americas Securities LLC grew 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 acquiring an additional 11,124 shares in the last quarter. 26.72% of the stock is owned by institutional investors.
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.
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