SunPower Corporation (NASDAQ:SPWR) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.54 by 14 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Wells Fargo initiates coverage on SunPower Corporation (NASDAQ:SPWR) The shares have been rated Market Perform. The rating by the firm was issued on June 2, 2016.
SunPower Corporation (NASDAQ:SPWR) should head towards $32.92 per share according to 13 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $23 per share. The higher price estimate target is at $40 according to the Analysts.
SunPower Corporation (NASDAQ:SPWR) witnessed a decline in the market cap on Tuesday as its shares dropped 1.06% or 0.16 points. After the session commenced at $15.12, the stock reached the higher end at $15.3 while it hit a low of $14.67. With the volume soaring to 1,465,020 shares, the last trade was called at $14.91. The company has a 52-week high of $32.2949. The company has a market cap of $2,058 million and there are 138,046,060 shares in outstanding. The 52-week low of the share price is $14.26.
SunPower Corporation has lost 1.45% in the last five trading days and dropped 6.29% in the last 4 weeks. SunPower Corporation has dropped 36.98% during the last 3-month period . Year-to-Date the stock performance stands at -50.32%.
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.