SunPower Corp. (NASDAQ:SPWR)‘s stock had its “hold” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a $11.00 price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 69.23% from the stock’s current price.

SPWR has been the subject of several other research reports. JMP Securities initiated coverage on shares of SunPower Corp. in a report on Thursday, September 8th. They issued an “underperform” rating and a $6.00 target price for the company. Deutsche Bank AG set a $9.00 target price on shares of SunPower Corp. and gave the stock a “hold” rating in a report on Wednesday, October 5th. Vetr downgraded shares of SunPower Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 target price for the company. in a report on Wednesday, October 19th. Williams Capital initiated coverage on shares of SunPower Corp. in a report on Friday, September 30th. They issued a “hold” rating and a $9.00 target price for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $9.00 target price on shares of SunPower Corp. in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. SunPower Corp. has an average rating of “Hold” and an average target price of $19.82.

Analyst Recommendations for SunPower Corp. (NASDAQ:SPWR)

SunPower Corp. (NASDAQ:SPWR) opened at 6.50 on Thursday. The company’s market capitalization is $898.35 million. SunPower Corp. has a 52 week low of $6.00 and a 52 week high of $31.10. The stock’s 50 day moving average price is $8.04 and its 200-day moving average price is $12.65.

SunPower Corp. (NASDAQ:SPWR) last issued its earnings results on Wednesday, November 9th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.30. The company earned $729.30 million during the quarter, compared to the consensus estimate of $777.94 million. SunPower Corp. had a negative net margin of 16.95% and a positive return on equity of 16.37%. SunPower Corp.’s quarterly revenue was up 91.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, equities research analysts predict that SunPower Corp. will post ($0.01) earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of SPWR. LMR Partners LLP bought a new position in shares of SunPower Corp. during the second quarter worth approximately $1,084,000. Essex Investment Management Co. LLC increased its position in shares of SunPower Corp. by 5.5% in the second quarter. Essex Investment Management Co. LLC now owns 40,807 shares of the company’s stock worth $632,000 after buying an additional 2,114 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of SunPower Corp. by 64.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 20,593 shares of the company’s stock worth $319,000 after buying an additional 8,080 shares in the last quarter. Boston Common Asset Management LLC bought a new position in shares of SunPower Corp. during the second quarter worth approximately $393,000. Finally, New Harbor Financial Group LLC increased its position in shares of SunPower Corp. by 7,590.0% in the second quarter. New Harbor Financial Group LLC now owns 23,070 shares of the company’s stock worth $357,000 after buying an additional 22,770 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

SunPower Corp. Company Profile

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements.

5 Day Chart for NASDAQ:SPWR

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