Short Term Rating on SunPower Corporation (SPWR)

SunPower Corporation (SPWR) : Zacks Investment Research ranks SunPower Corporation (SPWR) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.5, which indicates as a Strong Buy.

SunPower Corporation (SPWR) : 13 Wall Street analysts covering SunPower Corporation (SPWR) believe that the average level the stock could reach for the short term is $32.92. The maximum price target given is $40 and the minimum target for short term is around $23, hence the standard deviation is calculated at $5.62.

For the current week, the company shares have a recommendation consensus of Buy.


SunPower Corporation (NASDAQ:SPWR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.22 and $15.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.23, notching a gain of 1.67% for the day. The total traded volume was 1,438,058 . The stock had closed at $14.98 on the previous day.

SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

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