ValuEngine lowered shares of SunPower (NASDAQ:SPWR) from a sell rating to a strong sell rating in a research report released on Thursday.

Other research analysts have also issued research reports about the company. Robert W. Baird raised SunPower from a neutral rating to an outperform rating and increased their price objective for the company from $7.00 to $10.00 in a report on Monday, December 11th. Credit Suisse Group began coverage on SunPower in a report on Monday, February 12th. They set a neutral rating and a $7.20 price objective on the stock. Oppenheimer reissued a market perform rating and set a $10.00 price objective on shares of SunPower in a report on Thursday, February 15th. UBS Group lowered SunPower from an outperform rating to a market perform rating in a report on Thursday, February 15th. Finally, BidaskClub raised SunPower from a hold rating to a buy rating in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $9.22.

Shares of SunPower (NASDAQ SPWR) traded up $0.12 during midday trading on Thursday, hitting $7.31. The stock had a trading volume of 169,322 shares, compared to its average volume of 3,092,074. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.91 and a current ratio of 1.23. The firm has a market cap of $1,006.07, a price-to-earnings ratio of -1.21 and a beta of 2.70. SunPower has a fifty-two week low of $5.84 and a fifty-two week high of $11.70.

SunPower (NASDAQ:SPWR) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.34. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $796.62 million. SunPower had a negative return on equity of 8.74% and a negative net margin of 45.47%. The firm’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.64) EPS. analysts predict that SunPower will post -1.29 earnings per share for the current year.

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

Large investors have recently made changes to their positions in the stock. Quentec Asset Management LLC bought a new stake in SunPower during the 3rd quarter valued at approximately $3,208,000. Northern Trust Corp lifted its position in shares of SunPower by 141.3% in the 2nd quarter. Northern Trust Corp now owns 845,237 shares of the semiconductor company’s stock worth $7,894,000 after acquiring an additional 494,979 shares during the period. Vanguard Group Inc. lifted its position in shares of SunPower by 13.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,922,577 shares of the semiconductor company’s stock worth $45,977,000 after acquiring an additional 598,221 shares during the period. Nationwide Fund Advisors bought a new stake in shares of SunPower in the 2nd quarter worth approximately $317,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of SunPower by 1,204.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,609 shares of the semiconductor company’s stock worth $463,000 after acquiring an additional 45,805 shares during the period. Hedge funds and other institutional investors own 26.77% of the company’s stock.

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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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Analyst Recommendations for SunPower (NASDAQ:SPWR)

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