SunPower Corporation (NASDAQ:SPWR) has earned an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.90.

SPWR has been the topic of a number of analyst reports. Vetr lowered SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $9.59 price objective on the stock. in a report on Tuesday, February 21st. Zacks Investment Research raised SunPower Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. Finally, ValuEngine raised SunPower Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.

A number of hedge funds have recently made changes to their positions in SPWR. Merriman Wealth Management LLC acquired a new stake in shares of SunPower Corporation during the first quarter valued at $122,000. AQR Capital Management LLC increased its stake in shares of SunPower Corporation by 46.1% in the fourth quarter. AQR Capital Management LLC now owns 51,299 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 16,183 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of SunPower Corporation by 3.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 66,822 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 2,130 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of SunPower Corporation during the fourth quarter valued at $2,459,000. Finally, TLP Group LLC increased its stake in shares of SunPower Corporation by 120.2% in the first quarter. TLP Group LLC now owns 62,615 shares of the semiconductor company’s stock worth $382,000 after buying an additional 34,184 shares in the last quarter. Hedge funds and other institutional investors own 25.80% of the company’s stock.

SunPower Corporation (NASDAQ:SPWR) traded down 1.990% during trading on Tuesday, hitting $7.635. The stock had a trading volume of 362,916 shares. SunPower Corporation has a 1-year low of $5.84 and a 1-year high of $16.41. The firm’s 50 day moving average is $7.62 and its 200 day moving average is $7.21. The firm’s market cap is $1.06 billion.

SunPower Corporation (NASDAQ:SPWR) last issued its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.13. The business had revenue of $429.50 million for the quarter, compared to analyst estimates of $388.07 million. SunPower Corporation had a negative return on equity of 10.47% and a negative net margin of 20.21%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) EPS. On average, analysts anticipate that SunPower Corporation will post ($1.02) earnings per share for the current year.

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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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