SunPower Corporation (NASDAQ:SPWR) has been assigned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.45.

A number of equities analysts have recently commented on SPWR shares. Vetr lowered shares of SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $12.52 price target on the stock. in a report on Monday, July 31st. Zacks Investment Research lowered shares of SunPower Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company set a $12.00 price target on shares of SunPower Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Axiom Securities reissued a “buy” rating on shares of SunPower Corporation in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $13.00 price target (up previously from $10.00) on shares of SunPower Corporation in a report on Wednesday, August 2nd.

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SunPower Corporation (SPWR) traded up 3.35% during mid-day trading on Friday, hitting $9.26. 588,663 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $9.85 and its 200-day moving average price is $7.89. SunPower Corporation has a 12 month low of $5.84 and a 12 month high of $11.70. The stock’s market cap is $1.29 billion.

SunPower Corporation (NASDAQ:SPWR) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.24. The firm had revenue of $341.50 million for the quarter, compared to analyst estimates of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.22) EPS. Equities analysts expect that SunPower Corporation will post ($0.98) EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in shares of SunPower Corporation by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 48,281 shares of the semiconductor company’s stock worth $295,000 after buying an additional 1,848 shares during the period. SG Americas Securities LLC raised its stake in shares of SunPower Corporation by 138.5% in the first quarter. SG Americas Securities LLC now owns 192,516 shares of the semiconductor company’s stock worth $1,174,000 after buying an additional 111,809 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of SunPower Corporation by 109.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,354 shares of the semiconductor company’s stock worth $130,000 after buying an additional 11,159 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of SunPower Corporation by 38.5% in the first quarter. Parametric Portfolio Associates LLC now owns 152,635 shares of the semiconductor company’s stock worth $931,000 after buying an additional 42,426 shares during the period. Finally, TFS Capital LLC purchased a new stake in shares of SunPower Corporation during the first quarter worth about $126,000. 25.61% of the stock is currently owned by institutional investors and hedge funds.

SunPower Corporation Company Profile

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.

Analyst Recommendations for SunPower Corporation (NASDAQ:SPWR)

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