SunPower Corporation (NASDAQ:SPWR) Director Catherine A. Lesjak sold 23,632 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total value of $177,240.00. Following the transaction, the director now owns 55,924 shares of the company’s stock, valued at $419,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

SunPower Corporation (NASDAQ SPWR) traded up $0.89 during mid-day trading on Monday, hitting $9.23. The stock had a trading volume of 7,447,990 shares, compared to its average volume of 3,150,724. SunPower Corporation has a 12-month low of $5.84 and a 12-month high of $11.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.02 and a current ratio of 1.41.

SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.60. The firm had revenue of $477.20 million for the quarter, compared to analysts’ expectations of $383.76 million. SunPower had a negative return on equity of 20.81% and a negative net margin of 24.91%. The business’s quarterly revenue was down 34.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. equities analysts forecast that SunPower Corporation will post -0.77 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in SunPower in the 2nd quarter worth approximately $124,000. Candriam Luxembourg S.C.A. bought a new stake in SunPower in the 2nd quarter worth approximately $130,000. Cortland Associates Inc. MO bought a new stake in SunPower in the 3rd quarter worth approximately $109,000. Oppenheimer & Co. Inc. bought a new stake in SunPower in the 3rd quarter worth approximately $112,000. Finally, WFG Advisors LP increased its stake in SunPower by 7.6% in the 2nd quarter. WFG Advisors LP now owns 15,550 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,100 shares during the last quarter. 25.64% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on SPWR. ValuEngine upgraded SunPower from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cowen restated a “buy” rating and set a $12.00 price target on shares of SunPower in a report on Sunday, September 17th. Macquarie cut SunPower from an “outperform” rating to a “neutral” rating in a research report on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price objective on shares of SunPower in a research report on Friday, September 1st. Finally, Zacks Investment Research cut SunPower from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. SunPower presently has a consensus rating of “Hold” and a consensus price target of $9.85.

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SunPower Company Profile

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.

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