Texas Permanent School Fund Purchases 1,452 Shares of SunPower Co. (NASDAQ:SPWR)

Texas Permanent School Fund increased its position in shares of SunPower Co. (NASDAQ:SPWRGet Rating) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,319 shares of the semiconductor company’s stock after purchasing an additional 1,452 shares during the period. Texas Permanent School Fund’s holdings in SunPower were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SPWR. Huntington National Bank bought a new stake in shares of SunPower during the first quarter valued at approximately $32,000. Banque Cantonale Vaudoise grew its position in SunPower by 19.5% in the second quarter. Banque Cantonale Vaudoise now owns 3,067 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 500 shares during the period. US Bancorp DE grew its position in SunPower by 205.7% in the first quarter. US Bancorp DE now owns 4,106 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 2,763 shares during the period. PNC Financial Services Group Inc. grew its position in SunPower by 66.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,469 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 1,792 shares during the period. Finally, Strs Ohio bought a new stake in SunPower in the second quarter valued at $169,000. 36.61% of the stock is currently owned by institutional investors.

SunPower Stock Down 2.7 %

NASDAQ:SPWR opened at $23.21 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.31. The company has a market cap of $4.04 billion, a PE ratio of 70.34 and a beta of 1.75. SunPower Co. has a 52-week low of $12.78 and a 52-week high of $32.20. The stock has a 50-day simple moving average of $21.33 and a 200 day simple moving average of $20.10.

Analyst Upgrades and Downgrades

SPWR has been the topic of a number of analyst reports. Morgan Stanley lowered their price target on SunPower from $31.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, October 21st. Cowen upped their price target on SunPower to $17.00 in a research report on Tuesday, November 15th. Susquehanna boosted their price objective on SunPower from $25.00 to $27.00 in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft assumed coverage on SunPower in a research note on Monday, November 14th. They issued a “hold” rating and a $16.00 price objective on the stock. Finally, Guggenheim initiated coverage on SunPower in a research note on Thursday, November 10th. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.79.

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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Institutional Ownership by Quarter for SunPower (NASDAQ:SPWR)

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