SunPower Corp. Hits New 52-Week High at $36.25 (SPWR)
SunPower Corp. (NASDAQ:SPWR)’s share price reached a new 52-week high during trading on Friday, Analyst RN reports. The stock traded as high as $36.25 and last traded at $33.97, with a volume of 4,171,266 shares traded. The stock had previously closed at $35.14.
A number of analysts have recently weighed in on SPWR shares. Analysts at JPMorgan Chase & Co. initiated coverage on shares of SunPower Corp. in a research note to investors on Thursday. They set an “overweight” rating and a $31.87 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of SunPower Corp. in a research note to investors on Friday, January 10th. They now have a $39.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of SunPower Corp. from $25.00 to $30.00 in a research note to investors on Tuesday, December 10th. They now have a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. SunPower Corp. has an average rating of “Buy” and a consensus target price of $26.70.
SunPower Corp. has a 52-week low of $7.48 and a 52-week high of $35.39. The stock’s 50-day moving average is $30.39 and its 200-day moving average is $27.59. The company’s market cap is $4.124 billion.
SunPower Corp. (NASDAQ:SPWR) last announced its earnings results on Wednesday, October 30th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.19. The company had revenue of $657.00 million for the quarter, compared to the consensus estimate of $583.24 million. During the same quarter last year, the company posted $0.03 earnings per share. SunPower Corp.’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that SunPower Corp. will post $1.42 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.
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