SunPower Corp. (NASDAQ:SPWR) traded up 3.9% on Wednesday . The company traded as high as $15.14 and last traded at $15.04, with a volume of 1,791,750 shares. The stock had previously closed at $14.47.

A number of equities research analysts have weighed in on the company. Robert W. Baird restated a “buy” rating on shares of SunPower Corp. in a research report on Sunday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $23.00 price objective (down previously from $32.00) on shares of SunPower Corp. in a research report on Tuesday, May 10th. Wells Fargo & Co. started coverage on SunPower Corp. in a research report on Wednesday, June 1st. They set a “market perform” rating for the company. Mizuho started coverage on SunPower Corp. in a research report on Wednesday, March 30th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Guggenheim started coverage on SunPower Corp. in a research report on Tuesday, April 12th. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. SunPower Corp. has an average rating of “Buy” and an average target price of $33.78.

The stock’s market capitalization is $2.04 billion. The firm has a 50 day moving average of $15.82 and a 200-day moving average of $21.17.

SunPower Corp. (NASDAQ:SPWR) last announced its earnings results on Thursday, May 5th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.10. During the same period last year, the firm earned $0.13 earnings per share. The company had revenue of $433.60 million for the quarter, compared to analyst estimates of $328.53 million. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast that SunPower Corp. will post $1.29 EPS for the current year.

Several hedge funds recently made changes to their positions in SPWR. Russell Frank Co increased its stake in shares of SunPower Corp. by 29.2% in the fourth quarter. Russell Frank Co now owns 44,658 shares of the company’s stock valued at $1,357,000 after buying an additional 10,099 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of SunPower Corp. by 13.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 53,517 shares of the company’s stock valued at $1,606,000 after buying an additional 6,460 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of SunPower Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 104,314 shares of the company’s stock valued at $3,130,000 after buying an additional 1,793 shares during the last quarter. Swiss National Bank increased its stake in shares of SunPower Corp. by 1.8% in the fourth quarter. Swiss National Bank now owns 73,700 shares of the company’s stock valued at $2,212,000 after buying an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of SunPower Corp. by 25.0% in the fourth quarter. First Trust Advisors LP now owns 218,399 shares of the company’s stock valued at $6,554,000 after buying an additional 43,653 shares during the last quarter.

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements.

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