SunPower Co. (NASDAQ:SPWR) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.19.

Several brokerages recently weighed in on SPWR. ValuEngine raised shares of SunPower from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. JPMorgan Chase & Co. reduced their target price on shares of SunPower from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, June 7th. BidaskClub cut shares of SunPower from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Robert W. Baird cut shares of SunPower from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $7.00 in a report on Monday, June 11th. Finally, Williams Capital raised their target price on shares of SunPower from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 24th.

In related news, EVP Kenneth Lawrence Mahaffey sold 27,964 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $7.30, for a total value of $204,137.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new stake in SunPower during the first quarter worth approximately $109,000. Candriam Luxembourg S.C.A. acquired a new stake in SunPower during the first quarter worth approximately $111,000. Cubist Systematic Strategies LLC acquired a new stake in SunPower during the first quarter worth approximately $139,000. Suntrust Banks Inc. acquired a new stake in SunPower during the first quarter worth approximately $145,000. Finally, Timber Hill LLC acquired a new stake in SunPower during the second quarter worth approximately $148,000. 26.88% of the stock is currently owned by institutional investors.

NASDAQ SPWR opened at $6.71 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 9.81. SunPower has a one year low of $6.46 and a one year high of $10.00. The company has a market capitalization of $975.66 million, a PE ratio of -16.37 and a beta of 2.22.

SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Monday, July 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.28. The business had revenue of $449.09 million during the quarter, compared to analyst estimates of $389.86 million. SunPower had a negative net margin of 60.01% and a positive return on equity of 1.37%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) earnings per share. equities research analysts anticipate that SunPower will post -1.55 earnings per share for the current year.

SunPower Company Profile

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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Analyst Recommendations for SunPower (NASDAQ:SPWR)

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