SunPower (NASDAQ:SPWR) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of SunPower (NASDAQ:SPWR – Get Rating) in a report issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on SPWR. Raymond James dropped their target price on SunPower from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 5th. Morgan Stanley lowered their target price on shares of SunPower from $25.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, April 3rd. Capital One Financial reaffirmed an “equal weight” rating on shares of SunPower in a report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft reduced their target price on SunPower from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, April 13th. Finally, Robert W. Baird reduced their target price on SunPower from $26.00 to $24.00 in a report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, SunPower presently has a consensus rating of “Hold” and a consensus price target of $17.82.

SunPower Stock Up 3.7 %

Shares of NASDAQ SPWR opened at $10.79 on Thursday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 83.01, a P/E/G ratio of 2.61 and a beta of 1.87. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $16.78. SunPower has a 1 year low of $10.29 and a 1 year high of $28.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.44 and a quick ratio of 0.88.

SunPower (NASDAQ:SPWR – Get Rating) last posted its earnings results on Wednesday, February 15th. The semiconductor company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. SunPower had a return on equity of 3.12% and a net margin of 1.81%. The company had revenue of $492.42 million for the quarter, compared to analyst estimates of $494.25 million. On average, equities research analysts forecast that SunPower will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other SunPower news, CEO Peter Faricy bought 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average cost of $13.29 per share, with a total value of $99,675.00. Following the completion of the purchase, the chief executive officer now directly owns 177,458 shares of the company’s stock, valued at $2,358,416.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is owned by insiders.

Institutional Trading of SunPower

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWR. RFP Financial Group LLC bought a new position in SunPower in the fourth quarter worth about $29,000. US Bancorp DE grew its stake in SunPower by 108.8% in the first quarter. US Bancorp DE now owns 2,376 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,238 shares during the period. AXS Investments LLC purchased a new stake in SunPower in the first quarter worth $38,000. Counterpoint Mutual Funds LLC purchased a new stake in SunPower in the third quarter worth $99,000. Finally, PNC Financial Services Group Inc. grew its stake 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 worth $96,000 after purchasing an additional 1,792 shares during the period. Hedge funds and other institutional investors own 36.07% of the company’s stock.

SunPower Company Profile

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SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. The company provides fully integrated solar, storage, and home energy solutions. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in Richmond, CA.