Shelter Mutual Insurance Co raised its position in shares of SunPower Corporation (NASDAQ:SPWR) by 1,018.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,800 shares of the semiconductor company’s stock after buying an additional 161,900 shares during the period. Shelter Mutual Insurance Co owned approximately 0.13% of SunPower Corporation worth $1,661,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TLP Group LLC boosted its stake in SunPower Corporation by 120.2% in the first quarter. TLP Group LLC now owns 62,615 shares of the semiconductor company’s stock worth $382,000 after buying an additional 34,184 shares in the last quarter. Rock Point Advisors LLC boosted its stake in SunPower Corporation by 53.9% in the first quarter. Rock Point Advisors LLC now owns 530,119 shares of the semiconductor company’s stock worth $3,234,000 after buying an additional 185,725 shares in the last quarter. Van ECK Associates Corp boosted its stake in SunPower Corporation by 5.3% in the first quarter. Van ECK Associates Corp now owns 111,573 shares of the semiconductor company’s stock worth $681,000 after buying an additional 5,619 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in SunPower Corporation by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 48,281 shares of the semiconductor company’s stock worth $295,000 after buying an additional 1,848 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in SunPower Corporation by 138.5% in the first quarter. SG Americas Securities LLC now owns 192,516 shares of the semiconductor company’s stock worth $1,174,000 after buying an additional 111,809 shares in the last quarter. Institutional investors own 28.84% of the company’s stock.

Shares of SunPower Corporation (SPWR) opened at 9.10 on Tuesday. The company’s 50-day moving average price is $9.88 and its 200 day moving average price is $8.08. The company’s market cap is $1.27 billion. SunPower Corporation has a 52 week low of $5.84 and a 52 week high of $11.70.

SunPower Corporation (NASDAQ:SPWR) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.24. SunPower Corporation had a negative return on equity of 12.56% and a negative net margin of 21.84%. The company had revenue of $341.50 million for the quarter, compared to analyst estimates of $312.58 million. During the same quarter in the previous year, the company earned ($0.22) EPS. The firm’s revenue for the quarter was down 15.0% compared to the same quarter last year. Equities research analysts anticipate that SunPower Corporation will post ($0.98) earnings per share for the current fiscal year.

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SPWR has been the topic of a number of recent research reports. Zacks Investment Research raised SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Monday, August 7th. BidaskClub raised SunPower Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $12.00 target price on SunPower Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Vetr cut SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $11.45 target price on the stock. in a research note on Monday, July 17th. Finally, Axiom Securities reissued a “buy” rating on shares of SunPower Corporation in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.25.

SunPower Corporation Company Profile

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.

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Institutional Ownership by Quarter for SunPower Corporation (NASDAQ:SPWR)

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