ValuEngine upgraded shares of SunPower (NASDAQ:SPWR) from a sell rating to a hold rating in a research note published on Thursday.
Several other brokerages also recently issued reports on SPWR. BidaskClub raised shares of SunPower from a hold rating to a buy rating in a report on Saturday, April 21st. Bank of America downgraded shares of SunPower from a neutral rating to an underperform rating in a report on Monday, April 23rd. Credit Suisse Group upped their price target on shares of SunPower from $7.20 to $8.50 and gave the company a neutral rating in a report on Thursday, April 19th. Guggenheim reaffirmed a hold rating on shares of SunPower in a report on Thursday, January 18th. Finally, Zacks Investment Research raised shares of SunPower from a strong sell rating to a hold rating in a report on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. SunPower has a consensus rating of Hold and a consensus target price of $9.09.
SPWR stock traded down $0.12 during trading on Thursday, reaching $9.17. 1,148,457 shares of the company were exchanged, compared to its average volume of 2,633,330. SunPower has a 52-week low of $9.15 and a 52-week high of $9.41. The company has a market cap of $1.28 billion, a P/E ratio of -22.35 and a beta of 2.54. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 2.15.
Several large investors have recently bought and sold shares of SPWR. Guggenheim Capital LLC raised its position in shares of SunPower by 26.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,237,502 shares of the semiconductor company’s stock valued at $18,864,000 after buying an additional 464,072 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of SunPower in the first quarter valued at approximately $2,496,000. Two Sigma Investments LP acquired a new position in shares of SunPower in the fourth quarter valued at approximately $1,967,000. Rock Point Advisors LLC raised its position in shares of SunPower by 64.1% in the first quarter. Rock Point Advisors LLC now owns 584,670 shares of the semiconductor company’s stock valued at $4,666,000 after buying an additional 228,415 shares during the last quarter. Finally, KBC Group NV raised its position in shares of SunPower by 194.2% in the first quarter. KBC Group NV now owns 214,910 shares of the semiconductor company’s stock valued at $1,715,000 after buying an additional 141,873 shares during the last quarter. 27.08% of the stock is owned by institutional investors and hedge funds.
SunPower Company Profile
SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.
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