SunPower (NASDAQ:SPWR)‘s stock had its “hold” rating reiterated by equities research analysts at Guggenheim in a research report issued to clients and investors on Thursday.

A number of other analysts have also commented on SPWR. Zacks Investment Research lowered SunPower from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Morgan Stanley lowered SunPower from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $7.22 to $6.00 in a report on Wednesday, September 27th. Bank of America reduced their target price on SunPower from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 26th. BidaskClub lowered SunPower from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, ValuEngine lowered SunPower from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.85.

SunPower (NASDAQ SPWR) traded up $0.10 during trading on Thursday, hitting $8.65. The company’s stock had a trading volume of 1,450,264 shares, compared to its average volume of 2,920,000. The company has a market cap of $1,210.00, a price-to-earnings ratio of -2.15 and a beta of 3.16. SunPower has a twelve month low of $5.84 and a twelve month high of $11.70. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.71.

SunPower (NASDAQ:SPWR) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.60. The business had revenue of $477.20 million during the quarter, compared to analyst estimates of $383.76 million. SunPower had a negative return on equity of 20.81% and a negative net margin of 24.91%. The company’s quarterly revenue was down 34.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. research analysts expect that SunPower will post -0.77 earnings per share for the current fiscal year.

In related news, Director Catherine A. Lesjak sold 23,632 shares of SunPower stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.50, for a total value of $177,240.00. Following the completion of the sale, the director now owns 55,924 shares of the company’s stock, valued at $419,430. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of SunPower by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 261,201 shares of the semiconductor company’s stock worth $2,202,000 after acquiring an additional 11,700 shares during the period. DnB Asset Management AS grew its holdings in SunPower by 447.4% during the fourth quarter. DnB Asset Management AS now owns 1,105,612 shares of the semiconductor company’s stock valued at $9,320,000 after purchasing an additional 903,620 shares during the period. Shelton Capital Management grew its holdings in SunPower by 10.8% during the third quarter. Shelton Capital Management now owns 70,000 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 6,800 shares during the period. California Public Employees Retirement System grew its holdings in SunPower by 3.8% during the third quarter. California Public Employees Retirement System now owns 859,292 shares of the semiconductor company’s stock valued at $6,264,000 after purchasing an additional 31,392 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in SunPower during the third quarter valued at about $244,000. 25.39% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for SunPower (NASDAQ:SPWR)

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