SunPower Co. (NASDAQ:SPWR) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.29.

Several equities research analysts recently weighed in on SPWR shares. Credit Suisse Group dropped their target price on SunPower from $14.50 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 29th. BidaskClub cut shares of SunPower from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 12th. Goldman Sachs Group set a $14.00 target price on shares of SunPower and gave the stock a “buy” rating in a report on Friday, November 1st. Cfra downgraded shares of SunPower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ValuEngine lowered shares of SunPower from a “hold” rating to a “sell” rating in a report on Sunday, December 1st.

Shares of NASDAQ:SPWR opened at $7.24 on Monday. The company’s fifty day moving average price is $8.36 and its 200-day moving average price is $10.51. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -8.23 and a beta of 2.20. SunPower has a one year low of $4.55 and a one year high of $16.04.

SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $491.70 million for the quarter, compared to the consensus estimate of $475.29 million. During the same period in the prior year, the firm posted ($0.29) earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts forecast that SunPower will post -0.61 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in SPWR. Ladenburg Thalmann Financial Services Inc. lifted its holdings in SunPower by 10.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,157 shares of the semiconductor company’s stock worth $118,000 after buying an additional 1,091 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of SunPower by 8.3% during the second quarter. Commonwealth Equity Services LLC now owns 21,276 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 1,628 shares during the period. First Trust Advisors LP lifted its stake in SunPower by 1.8% in the third quarter. First Trust Advisors LP now owns 140,337 shares of the semiconductor company’s stock worth $1,539,000 after acquiring an additional 2,416 shares during the period. Swiss National Bank lifted its stake in SunPower by 2.3% in the second quarter. Swiss National Bank now owns 118,400 shares of the semiconductor company’s stock worth $1,266,000 after acquiring an additional 2,700 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in SunPower by 207.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,089 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors own 32.26% of the company’s stock.

About SunPower

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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Analyst Recommendations for SunPower (NASDAQ:SPWR)

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