SunPower Corporation (SPWR) Given Consensus Rating of “Hold” by Brokerages
SunPower Corporation (NASDAQ:SPWR) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.84.
SPWR has been the topic of a number of recent research reports. Robert W. Baird restated a “hold” rating and set a $7.00 price target on shares of SunPower in a research report on Friday, September 1st. ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Macquarie lowered shares of SunPower from an “outperform” rating to a “neutral” rating in a report on Friday, September 8th. Cowen reiterated a “buy” rating and issued a $12.00 target price on shares of SunPower in a report on Sunday, September 17th. Finally, Bank of America decreased their target price on shares of SunPower from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 26th.
In other news, Director Catherine A. Lesjak sold 23,632 shares of the company’s stock in a transaction that occurred 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 directly owns 55,924 shares in the company, valued at approximately $419,430. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company’s stock.
SunPower (NASDAQ:SPWR) opened at $8.59 on Thursday. SunPower has a 52-week low of $5.84 and a 52-week high of $11.70. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.71.
SunPower (NASDAQ:SPWR) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.60. The firm had revenue of $477.20 million for the quarter, compared to analyst estimates of $383.76 million. SunPower had a negative net margin of 24.91% and a negative return on equity of 20.81%. SunPower’s quarterly revenue was down 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. equities research analysts forecast that SunPower will post -0.77 earnings per share for the current year.
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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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