Shares of SunPower Co. (NASDAQ:SPWR – Get Rating) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.27.
Several research analysts recently commented on SPWR shares. Raymond James lifted their target price on shares of SunPower from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 5th. Cowen lifted their price target on shares of SunPower from $18.00 to $20.00 in a report on Friday, April 1st. Robert W. Baird lifted their price target on shares of SunPower from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, April 1st. UBS Group upgraded shares of SunPower from a “sell” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $17.00 in a report on Tuesday, February 15th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $21.00 price target on shares of SunPower in a report on Friday, April 1st.
Shares of NASDAQ SPWR opened at $20.40 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.11 and a debt-to-equity ratio of 1.09. SunPower has a 52 week low of $14.00 and a 52 week high of $34.61. The firm’s fifty day moving average is $19.31 and its 200 day moving average is $22.56. The company has a market cap of $3.53 billion, a price-to-earnings ratio of -75.55 and a beta of 1.99.
Institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in SunPower by 106.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,067 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 1,067 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of SunPower during the 3rd quarter valued at about $61,000. Guinness Atkinson Asset Management Inc increased its position in shares of SunPower by 26.5% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 4,300 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 900 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of SunPower during the 4th quarter valued at about $122,000. Finally, Neo Ivy Capital Management bought a new position in shares of SunPower during the 4th quarter valued at approximately $122,000. Institutional investors own 34.82% of the company’s stock.
About SunPower (Get Rating)
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network and resellers, as well as in-house sales team; and turn-key engineering, procurement, and construction services and sale of energy under power purchase agreements.
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