SunPower Corp. CFO Charles D. Boynton Unloads 13,575 Shares (SPWR)
SunPower Corp. (NASDAQ:SPWR) CFO Charles D. Boynton unloaded 13,575 shares of SunPower Corp. stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $35.30, for a total transaction of $479,197.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
SunPower Corp. (NASDAQ:SPWR) last issued its quarterly earnings data 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 in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of SunPower Corp. in a research note to investors on Thursday, January 16th. 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $26.70.
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.