SunPower Corporation (SPWR) Upgraded at BidaskClub

SunPower Corporation (SPWR) Upgraded at BidaskClub

SunPower Corporation (SPWR) Upgraded at BidaskClub

A number of other analysts have also issued reports on SPWR. ValuEngine lifted shares of SunPower Corporation from a "strong sell" recommendation to a "sell" recommendation in a analysis report on Friday morning, Jun 2nd. Vetr raised SunPower Corporation from a "buy" rating to a "strong-buy" rating and set a $12.52 price objective for the company in a report on Tuesday, July 18th. Finally, Axiom Securities reissued a buy rating on shares of SunPower Corporation in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. SunPower Corporation has an average rating of "Hold" and an average price target of $9.25.

Shares of SunPower Corporation (SPWR) traded down 4.82% during mid-day trading on Friday, hitting $9.09.

The counter witnessed a trading volume of 3.42 million shares versus an average volume of 4.12 million shares during last trading session. The lowest price the stock reached in the last trading day was $8.46 and compares with the $5.84 52-week low.

SunPower Corporation (SPWR) closed 18.29% above its 200-day moving average and is -3.16% below another chart threshold, its 50-day moving average. The market capitalization of the company is at $1.28 Billion.

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Creative Planning trimmed its stake in SunPower Corporation (NASDAQ:SPWR) by 3.4% through out the Fiscal Q2, based on the latest document with the SEC (SEC). The semiconductor company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.24.

SunPower Corporation's average Free Cash Flow per Share Growth Rate was 0 percent during the past 12 months. The business had revenue of $341.50 million for the quarter, compared to analysts' expectations of $312.58 million. During the same period in the prior year, the company earned ($0.22) earnings per share. The company's quarterly revenue was down 15.0% on a year-over-year basis.

SunPower Corporation (SPWR) have shown a high EPS growth of 11.50% in the last 5 years and has earnings decline of -146.20% yoy.

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Currently Sunpower Corporation (NASDAQ:SPWR)'s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 28.8%.

The stock, as of recent close, has shown weekly upbeat 2.36% which was maintained at -13.73% in 1-month period, and is up 44.48% in this year. Merriman Wealth Management LLC acquired a new position in shares of SunPower Corporation during the first quarter valued at about $122,000. TFS Capital LLC acquired a new position in shares of SunPower Corporation during the first quarter valued at about $126,000. Finally, Raymond James Financial Services Advisors Inc. raised its position 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 valued at $130,000 after buying an additional 11,159 shares during the last quarter.

Beta is a metric that investors frequently use to analyze a stock's systematic risk.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Sunpower Corporation (NASDAQ:SPWR) high price target of $15 and with a conservative view have low price target of $5.

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