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Shares of SunPower (NASDAQ:SPWR) hit a new 52-week high during mid-day trading on Friday , Analyst RN reports. The stock traded as high as $42.07 and last traded at $41.57, with a volume of 1,921,606 shares. The stock had previously closed at $40.61.

A number of analysts have recently weighed in on SPWR shares. Analysts at Robert W. Baird raised their price target on shares of SunPower from $42.00 to $48.00 in a research note on Wednesday. Separately, analysts at Brean Capital downgraded shares of SunPower from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $34.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SunPower from an “overweight” rating to a “neutral” rating in a research note on Wednesday, June 18th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. SunPower presently has a consensus rating of “Buy” and an average price target of $38.10.

The stock has a 50-day moving average of $34.63 and a 200-day moving average of $32.37. The company has a market cap of $5.358 billion and a price-to-earnings ratio of 27.59.

SunPower (NASDAQ:SPWR) last issued its quarterly earnings data 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. On average, analysts predict that SunPower will post $1.28 earnings per share for the current fiscal year.

In other SunPower news, EVP Douglas J. Richards unloaded 5,200 shares of SunPower stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $40.00, for a total transaction of $208,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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