Quantbot Technologies LP boosted its position in SunPower Corporation (NASDAQ:SPWR) by 340.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,986 shares of the semiconductor company’s stock after purchasing an additional 12,360 shares during the period. Quantbot Technologies LP’s holdings in SunPower Corporation were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPWR. California Public Employees Retirement System lifted its position in shares of SunPower Corporation by 21.1% during the second quarter. California Public Employees Retirement System now owns 827,900 shares of the semiconductor company’s stock worth $7,733,000 after acquiring an additional 144,400 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SunPower Corporation by 13.8% during the second quarter. Vanguard Group Inc. now owns 4,922,577 shares of the semiconductor company’s stock worth $45,977,000 after acquiring an additional 598,221 shares in the last quarter. Northern Trust Corp lifted its position in shares of SunPower Corporation by 141.3% during the second quarter. Northern Trust Corp now owns 845,237 shares of the semiconductor company’s stock worth $7,894,000 after acquiring an additional 494,979 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of SunPower Corporation by 2.3% during the second quarter. Van ECK Associates Corp now owns 114,172 shares of the semiconductor company’s stock worth $1,066,000 after acquiring an additional 2,599 shares in the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of SunPower Corporation by 35.6% during the second quarter. Investec Asset Management LTD now owns 108,243 shares of the semiconductor company’s stock worth $1,011,000 after acquiring an additional 28,418 shares in the last quarter. Institutional investors and hedge funds own 28.82% of the company’s stock.

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SPWR has been the topic of several recent research reports. ValuEngine upgraded SunPower Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Vetr downgraded SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $11.45 target price on the stock. in a research report on Monday, July 17th. Cowen and Company set a $12.00 target price on SunPower Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Macquarie downgraded SunPower Corporation from an “outperform” rating to a “neutral” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research downgraded SunPower Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.27.

Shares of SunPower Corporation (NASDAQ:SPWR) opened at 7.10 on Friday. SunPower Corporation has a 12 month low of $5.84 and a 12 month high of $11.70. The company has a 50 day moving average price of $8.28 and a 200-day moving average price of $8.18. The stock’s market cap is $990.39 million.

SunPower Corporation (NASDAQ:SPWR) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.24. The business had revenue of $341.50 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.22) EPS. On average, equities research analysts predict that SunPower Corporation will post ($1.08) earnings per share for the current year.

About SunPower Corporation

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.

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Institutional Ownership by Quarter for SunPower Corporation (NASDAQ:SPWR)

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