SunPower Corporation (NASDAQ:SPWR) has been given a consensus rating of “Hold” by the sixteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.27.

Several equities analysts recently issued reports on the company. Cowen and Company set a $12.00 price target on SunPower Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, August 7th. ValuEngine upgraded SunPower Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded SunPower Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG raised their target price on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWR. Parametric Portfolio Associates LLC raised its position in shares of SunPower Corporation by 38.5% during the first quarter. Parametric Portfolio Associates LLC now owns 152,635 shares of the semiconductor company’s stock worth $931,000 after purchasing an additional 42,426 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of SunPower Corporation by 8.1% during the first quarter. TIAA CREF Investment Management LLC now owns 271,940 shares of the semiconductor company’s stock worth $1,659,000 after purchasing an additional 20,372 shares during the period. Vanguard Group Inc. raised its position in shares of SunPower Corporation by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,324,356 shares of the semiconductor company’s stock worth $26,378,000 after purchasing an additional 54,858 shares during the period. Geode Capital Management LLC raised its position in shares of SunPower Corporation by 6.3% during the first quarter. Geode Capital Management LLC now owns 532,710 shares of the semiconductor company’s stock worth $3,249,000 after purchasing an additional 31,526 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of SunPower Corporation by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 101,262 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 8,721 shares during the period. 28.42% of the stock is currently owned by institutional investors.

SunPower Corporation (NASDAQ:SPWR) traded up $0.12 during trading on Friday, reaching $8.03. The company had a trading volume of 2,088,295 shares, compared to its average volume of 3,104,524. SunPower Corporation has a fifty-two week low of $5.84 and a fifty-two week high of $11.70. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.71.

SunPower Corporation (NASDAQ:SPWR) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.60. The business had revenue of $477.20 million for the quarter, compared to analysts’ expectations of $383.76 million. SunPower Corporation had a negative return on equity of 20.81% and a negative net margin of 24.91%. The firm’s quarterly revenue was down 34.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. equities analysts predict that SunPower Corporation will post -0.77 earnings per share for the current fiscal year.

About SunPower Corporation

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.

Analyst Recommendations for SunPower Corporation (NASDAQ:SPWR)

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