Catherine A. Lesjak Sells 23,632 Shares of SunPower Corporation (SPWR) Stock
SunPower Corporation (NASDAQ:SPWR) Director Catherine A. Lesjak sold 23,632 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $7.50, for a total value of $177,240.00. Following the sale, the director now directly owns 55,924 shares in the company, valued at approximately $419,430. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of SunPower Corporation (NASDAQ:SPWR) opened at $8.68 on Wednesday. SunPower Corporation has a 1-year low of $5.84 and a 1-year high of $11.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.02 and a current ratio of 1.41.
SunPower (NASDAQ:SPWR) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.60. SunPower had a negative return on equity of 20.81% and a negative net margin of 24.91%. The firm had revenue of $477.20 million for the quarter, compared to analysts’ expectations of $383.76 million. During the same quarter last year, the firm posted $0.68 EPS. The company’s revenue was down 34.6% compared to the same quarter last year. analysts anticipate that SunPower Corporation will post -0.77 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. Cortland Associates Inc. MO purchased a new position in shares of SunPower during the 3rd quarter valued at about $109,000. Oppenheimer & Co. Inc. purchased a new position in shares of SunPower during the 3rd quarter valued at about $112,000. HighTower Advisors LLC purchased a new position in shares of SunPower during the 2nd quarter valued at about $124,000. Candriam Luxembourg S.C.A. purchased a new position in shares of SunPower during the 2nd quarter valued at about $130,000. Finally, WFG Advisors LP raised its holdings in shares of SunPower by 7.6% during the 2nd quarter. WFG Advisors LP now owns 15,550 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,100 shares in the last quarter. 25.64% of the stock is currently owned by hedge funds and other institutional investors.
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SunPower 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.
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