Insider Selling: SunPower SVP Sells 3,120 Shares of Stock (SPWR)
SunPower (NASDAQ:SPWR) SVP Eric Branderiz unloaded 3,120 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $31.37, for a total value of $97,874.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
SPWR has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a “buy” rating on shares of SunPower in a research note on Thursday, May 15th. They now have a $32.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.30.
Shares of SunPower (NASDAQ:SPWR) traded up 0.29% during mid-day trading on Wednesday, hitting $31.18. The stock had a trading volume of 2,807,927 shares. SunPower has a one year low of $17.52 and a one year high of $37.14. The stock’s 50-day moving average is $31.37 and its 200-day moving average is $31.68. The company has a market cap of $4.075 billion and a P/E ratio of 21.12.
SunPower (NASDAQ:SPWR) last announced its earnings results on Thursday, April 24th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue 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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