SunPower Corporation (SPWR) Shares Slide -5.14%

SunPower Corporation (SPWR) : During the past 4 weeks, traders have been relatively bearish on SunPower Corporation (SPWR), hence the stock is down -8.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.08% relative to the S&P 500. The 4-week change in the price of the stock is -5.69% and the stock has fallen -5.14% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.46% and the 50-Day Moving Average is 7.09%. SunPower Corporation has dropped 27.61% during the last 3-month period . Year-to-Date the stock performance stands at -51.42%.


SunPower Corporation (NASDAQ:SPWR): On Fridays trading session , Opening price of the stock was $14.94 with an intraday high of $14.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.5. However, the stock managed to close at $14.58, a loss of 2.28% for the day. On the previous day, the stock had closed at $14.92. The total traded volume of the day was 1,833,945 shares.

Also, Guggenheim Securities upgrades its view on SunPower Corporation (NASDAQ:SPWR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 27, 2016.

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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