Impact of Brokerage Rating on SunPower Corporation(SPWR)

Many SunPower Corporation(SPWR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. SunPower Corporation was Reiterated by Mizuho on Jan 30, 2017 to Neutral, Lowers Price Target to $ 8 from a previous price target of $25 .SunPower Corporation was Downgraded by Guggenheim to Neutral on Dec 6, 2016. SunPower Corporation was Downgraded by Robert W. Baird on Nov 17, 2016 to Neutral, Lowers Price Target to $ 7 from a previous price target of $12 .

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Howard Wenger (President, Business Units) purchased 10,000 shares at 7.74 per share price.On Mar 22, 2016, Eric Branderiz (SVP and Prin Acct Off) sold 6,365 shares at 25.00 per share price.On Mar 14, 2016, Thomas H Werner (Director, Pres and CEO) sold 10,000 shares at 22.70 per share price.

SunPower Corporation Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.24. Analyst had a consensus of $0.44. The company had revenue of $729.35 million for the quarter, compared to analysts expectations of $782.94 million. The companys revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

SunPower Corporation (NASDAQ:SPWR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.81 by 16 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 14 Brokerage Firms have advised hold.

SunPower Corporation (NASDAQ:SPWR) should head towards $11.89 per share according to 13 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $6 per share. The higher price estimate target is at $25 according to the Analysts.

SunPower Corporation (NASDAQ:SPWR) rose 1.12% or 0.08 points on Tuesday and made its way into the gainers of the day. After trading began at $7.12 the stock was seen hitting $7.26 as a peak level and $7.01 as the lowest level. The stock ended up at $7.22. The daily volume was measured at 1,801,394 shares. The 52-week high of the share price is $25.29 and the 52-week low is $6. The company has a market cap of $999 million.

SunPower Corp. designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back contact cell design. SunPowers solar cells and panels generate electricity from sunlight for residential, commercial and remote power applications. Its proprietary all back contact silicon solar cell technology produces more power per square foot compared to conventional solar cells.

SunPower

For any feedback and suggestions contact author at Andy.Clarke@thefoundersdaily.com

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