Van ECK Associates Corp lifted its position in shares of SunPower Corporation (NASDAQ:SPWR) by 2.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,172 shares of the semiconductor company’s stock after buying an additional 2,599 shares during the quarter. Van ECK Associates Corp owned approximately 0.08% of SunPower Corporation worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CAPROCK Group Inc. lifted its stake in shares of SunPower Corporation by 1.1% during the 2nd quarter. CAPROCK Group Inc. now owns 11,941 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 128 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of SunPower Corporation by 0.7% during the 4th quarter. Teachers Advisors LLC now owns 97,906 shares of the semiconductor company’s stock valued at $647,000 after buying an additional 696 shares in the last quarter. BlueCrest Capital Management Ltd lifted its stake in shares of SunPower Corporation by 3.6% during the 1st quarter. BlueCrest Capital Management Ltd now owns 39,563 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 1,380 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of SunPower Corporation by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 48,281 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 1,848 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of SunPower Corporation by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 46,900 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 5,610 shares in the last quarter. Institutional investors own 28.82% of the company’s stock.

A number of research firms recently weighed in on SPWR. Deutsche Bank AG lifted their target price on shares of SunPower Corporation from $6.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Vetr cut shares of SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $12.52 price target on the stock. in a research note on Monday, July 31st. BidaskClub cut shares of SunPower Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Axiom Securities reiterated a “buy” rating on shares of SunPower Corporation in a research note on Saturday, July 22nd. Finally, Macquarie cut shares of SunPower Corporation from an “outperform” rating to a “neutral” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.25.

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SunPower Corporation (NASDAQ SPWR) opened at 7.31 on Thursday. The company’s market capitalization is $1.02 billion. The company’s 50-day moving average is $9.09 and its 200 day moving average is $8.18. SunPower Corporation has a one year low of $5.84 and a one year high of $11.70.

SunPower Corporation (NASDAQ:SPWR) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.24. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The company had revenue of $341.50 million for the quarter, compared to the consensus estimate of $312.58 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. SunPower Corporation’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, equities analysts anticipate that SunPower Corporation will post ($1.06) earnings per share for the current year.

SunPower Corporation 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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