Barclays PLC reissued their equal weight rating on shares of SunPower Corp. (NASDAQ:SPWR) in a research report released on Thursday.

Other research analysts also recently issued reports about the company. Mizuho lowered their price objective on SunPower Corp. from $57.00 to $46.00 and set a neutral rating for the company in a research note on Wednesday, August 10th. Deutsche Bank AG set a $9.00 price objective on SunPower Corp. and gave the stock a hold rating in a research note on Wednesday, October 5th. Guggenheim upgraded SunPower Corp. from a neutral rating to a buy rating and upped their price objective for the stock from $15.64 to $20.00 in a research note on Wednesday, July 27th. Zacks Investment Research downgraded SunPower Corp. from a hold rating to a sell rating in a research note on Tuesday, July 26th. Finally, TheStreet downgraded SunPower Corp. from a hold rating to a sell rating in a research note on Monday, July 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $19.66.

Analyst Recommendations for SunPower Corp. (NASDAQ:SPWR)

SunPower Corp. (NASDAQ:SPWR) opened at 6.88 on Thursday. SunPower Corp. has a 52-week low of $6.00 and a 52-week high of $31.10. The stock’s market capitalization is $950.87 million. The company has a 50-day moving average of $8.00 and a 200-day moving average of $12.41.

SunPower Corp. (NASDAQ:SPWR) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.30. The business had revenue of $729.30 million for the quarter, compared to analyst estimates of $777.94 million. SunPower Corp. had a positive return on equity of 16.65% and a negative net margin of 16.95%. The business’s revenue was up 91.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. Equities research analysts expect that SunPower Corp. will post ($0.01) EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of SunPower Corp. by 101.8% in the first quarter. BlackRock Inc. now owns 6,559 shares of the company’s stock valued at $146,000 after buying an additional 3,308 shares in the last quarter. Westend Capital Management LLC increased its stake in shares of SunPower Corp. by 2.4% in the first quarter. Westend Capital Management LLC now owns 41,609 shares of the company’s stock valued at $930,000 after buying an additional 960 shares in the last quarter. Quentec Asset Management LLC increased its stake in shares of SunPower Corp. by 8.0% in the first quarter. Quentec Asset Management LLC now owns 601,650 shares of the company’s stock valued at $13,441,000 after buying an additional 44,317 shares in the last quarter. Summit Partners Public Asset Management LLC increased its stake in shares of SunPower Corp. by 125.0% in the first quarter. Summit Partners Public Asset Management LLC now owns 180,000 shares of the company’s stock valued at $4,021,000 after buying an additional 100,000 shares in the last quarter. Finally, Seven Eight Capital LLC bought a new stake in shares of SunPower Corp. during the first quarter valued at approximately $207,000. 39.05% of the stock is owned by institutional investors and hedge funds.

About SunPower Corp.

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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