Analyst Rating Update on SunPower Corporation (SPWR)

SunPower Corporation (NASDAQ:SPWR) has an average broker rating of 1.54, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

SunPower Corporation (NASDAQ:SPWR) : Currently there are 13 street experts covering SunPower Corporation (NASDAQ:SPWR) stock. The most bullish and bearish price target for the stock is $40 and $23 respectively for the short term. The average price target of all the analysts comes to $32.92. The estimated standard deviation from the target is $5.62.

For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo initiates coverage on SunPower Corporation (NASDAQ:SPWR) The brokerage firm has issued a Market Perform rating on the shares. The rating by the firm was issued on June 2, 2016.

SunPower Corporation (NASDAQ:SPWR): stock turned positive on Tuesday. Though the stock opened at $13.82, the bulls momentum made the stock top out at $14.76 level for the day. The stock recorded a low of $13.8 and closed the trading day at $14.73, in the green by 9.19%. The total traded volume for the day was 2,590,843. The stock had closed at $13.49 in the previous days trading.

In an insider trading activity, The officer (SVP and Prin Acct Off), of Sunpower Corp, Branderiz Eric had unloaded 6,365 shares at $25 per share in a transaction on March 18, 2016. The total value of transaction was $159,125. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.