SunPower (NASDAQ:SPWR) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.34, Bloomberg Earnings reports. SunPower had a negative net margin of 24.91% and a negative return on equity of 20.81%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $796.62 million. During the same quarter last year, the business posted ($0.64) EPS. SunPower’s quarterly revenue was down 24.9% compared to the same quarter last year.

SunPower (NASDAQ SPWR) traded down $0.09 during trading on Thursday, reaching $7.39. 6,893,279 shares of the company were exchanged, compared to its average volume of 3,400,000. SunPower has a fifty-two week low of $5.84 and a fifty-two week high of $11.70. The stock has a market cap of $1,030.00, a price-to-earnings ratio of -1.84 and a beta of 2.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.02.

In related news, Director Catherine A. Lesjak sold 23,632 shares of SunPower stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total value of $177,240.00. Following the completion of the transaction, the director now directly owns 55,924 shares in the company, valued at approximately $419,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on SPWR. Bank of America set a $10.00 price target on shares of SunPower and gave the stock a “hold” rating in a research note on Thursday, December 28th. Cowen restated a “buy” rating and set a $10.00 price target on shares of SunPower in a research note on Thursday. Credit Suisse Group assumed coverage on shares of SunPower in a research note on Monday. They set a “neutral” rating and a $7.20 price target for the company. BidaskClub upgraded shares of SunPower from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, ValuEngine lowered shares of SunPower from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. SunPower has a consensus rating of “Hold” and an average target price of $9.22.

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About SunPower

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.

Earnings History for SunPower (NASDAQ:SPWR)

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