SunPower Corp. Sets New 1-Year High at $28.26 (SPWR)
SunPower Corp. (NASDAQ:SPWR) set a new 52-week high during trading hours on Wednesday, American Banking & Market News reports. The company traded as high as $28.26 and last traded at $27.88, with a volume of 2,970,712 shares. The stock had previously closed at $27.28.
SPWR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of SunPower Corp. (NASDAQ:SPWR) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 19th. They now have a $30.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of SunPower Corp. (NASDAQ:SPWR) in a research note to investors on Thursday, August 1st. Finally, analysts at Northland Securities raised their price target on shares of SunPower Corp. (NASDAQ:SPWR) from $33.00 to $38.00 in a research note to investors on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.58.
SunPower Corp. has a 52 week low of $3.90 and a 52 week high of $28.15. The stock’s 50-day moving average is $23.28 and its 200-day moving average is $19.49. The company’s market cap is $3.390 billion.
SunPower Corp. (NASDAQ:SPWR) last released its earnings data on Wednesday, July 31st. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.37. The company had revenue of $576.50 million for the quarter, compared to the consensus estimate of $576.99 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that SunPower Corp. will post $1.22 earnings per share for the current fiscal year.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial, and utility-scale power plant customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.