Guggenheim reissued their hold rating on shares of SunPower (NASDAQ:SPWR) in a research note issued to investors on Thursday morning.

SPWR has been the topic of a number of other reports. Bank of America set a $10.00 target price on shares of SunPower and gave the stock a hold rating in a research report on Thursday, December 28th. BidaskClub raised shares of SunPower from a hold rating to a buy rating in a research report on Tuesday, December 19th. ValuEngine lowered shares of SunPower from a hold rating to a sell rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of SunPower from a buy rating to a hold rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley lowered shares of SunPower from an equal weight rating to an underweight rating and reduced their target price for the stock from $7.22 to $6.00 in a research report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $9.85.

Shares of SunPower (NASDAQ SPWR) opened at $8.65 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.71. The stock has a market cap of $1,210.00, a PE ratio of -2.15 and a beta of 3.16. SunPower has a 1 year low of $5.84 and a 1 year high of $11.70.

SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.60. SunPower had a negative net margin of 19.73% and a negative return on equity of 30.03%. The company had revenue of $477.20 million for the quarter, compared to analyst estimates of $383.76 million. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was down 34.6% on a year-over-year basis. sell-side analysts anticipate that SunPower will post -0.77 earnings per share for the current fiscal year.

In other news, Director Catherine A. Lesjak sold 23,632 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total transaction of $177,240.00. Following the transaction, the director now directly owns 55,924 shares in the company, valued at $419,430. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWR. Schwab Charles Investment Management Inc. boosted its stake in shares of SunPower by 134.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 237,071 shares of the semiconductor company’s stock valued at $2,215,000 after purchasing an additional 135,809 shares in the last quarter. Rhumbline Advisers boosted its stake in SunPower by 30.9% in the second quarter. Rhumbline Advisers now owns 76,751 shares of the semiconductor company’s stock valued at $717,000 after acquiring an additional 18,129 shares in the last quarter. Legal & General Group Plc boosted its stake in SunPower by 422.8% in the second quarter. Legal & General Group Plc now owns 18,245 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 14,755 shares in the last quarter. Alliancebernstein L.P. boosted its stake in SunPower by 13.6% in the second quarter. Alliancebernstein L.P. now owns 46,900 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in SunPower by 73.7% in the second quarter. Teachers Advisors LLC now owns 147,712 shares of the semiconductor company’s stock valued at $1,380,000 after acquiring an additional 62,684 shares in the last quarter. Hedge funds and other institutional investors own 25.39% of the company’s stock.

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About SunPower

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.

Analyst Recommendations for SunPower (NASDAQ:SPWR)

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