Insider Selling: SunPower Director Sells 2,198 Shares of Stock (SPWR)
SunPower (NASDAQ:SPWR) Director Catherine A. Lesjak sold 2,198 shares of the stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $32.73, for a total transaction of $71,940.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SPWR. Analysts at Brean Capital reiterated a “buy” rating on shares of SunPower in a research note on Thursday. They now have a $32.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.30.
Shares of SunPower (NASDAQ:SPWR) traded up 1.42% during mid-day trading on Monday, hitting $32.21. 1,777,824 shares of the company’s stock traded hands. SunPower has a 1-year low of $17.52 and a 1-year high of $37.14. The stock has a 50-day moving average of $31.40 and a 200-day moving average of $31.67. The company has a market cap of $4.209 billion and a P/E ratio of 21.58.
SunPower (NASDAQ:SPWR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.17. The company had revenue of $683.70 million for the quarter, compared to the consensus estimate of $669.37 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts expect that SunPower will post $1.32 EPS for the current fiscal year.
SunPower Corporation operates in two business segments: the Utility and Power Plants (NASDAQ:SPWR) Segment and the Residential and Commercial (R&C) Segment.
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