Guggenheim initiated coverage on shares of SunPower (NASDAQ:SPWR – Get Rating) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating on the semiconductor company’s stock.
SPWR has been the topic of a number of other reports. StockNews.com started coverage on shares of SunPower in a report on Wednesday, October 12th. They issued a sell rating on the stock. Piper Sandler cut their price target on shares of SunPower from $23.00 to $21.00 and set a neutral rating on the stock in a research note on Tuesday, July 19th. Raymond James increased their price target on shares of SunPower from $22.00 to $25.00 and gave the stock an outperform rating in a report on Wednesday, August 3rd. Susquehanna increased their price objective on shares of SunPower from $25.00 to $27.00 in a report on Wednesday, November 9th. Finally, TheStreet upgraded shares of SunPower from a d+ rating to a c rating in a research report on Tuesday, August 23rd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $21.81.
SunPower Price Performance
SPWR stock opened at $22.34 on Thursday. SunPower has a 1 year low of $12.78 and a 1 year high of $33.44. The firm has a 50-day moving average of $21.63 and a 200 day moving average of $19.91. The company has a market cap of $3.89 billion, a P/E ratio of 67.70 and a beta of 1.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.31 and a quick ratio of 0.94.
Institutional Inflows and Outflows
SunPower Company Profile
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.
- Get a free copy of the StockNews.com research report on SunPower (SPWR)
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