SunPower Co. (NASDAQ:SPWR – Get Rating) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.79.
A number of research analysts have commented on SPWR shares. TheStreet raised SunPower from a “d+” rating to a “c” rating in a report on Tuesday, August 23rd. UBS Group increased their target price on SunPower from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reduced their target price on SunPower from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, October 20th. Barclays started coverage on SunPower in a report on Friday, August 5th. They set an “equal weight” rating and a $26.00 target price on the stock. Finally, Guggenheim initiated coverage on SunPower in a report on Thursday, November 10th. They set a “neutral” rating on the stock.
SunPower Trading Up 2.3 %
Shares of SPWR opened at $24.00 on Friday. The company has a market capitalization of $4.18 billion, a P/E ratio of 72.73 and a beta of 1.75. SunPower has a one year low of $12.78 and a one year high of $30.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.31. The stock has a 50-day moving average price of $21.05 and a 200 day moving average price of $20.24.
Institutional Investors Weigh In On SunPower
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network and resellers, as well as in-house sales team; and turn-key engineering, procurement, and construction services and sale of energy under power purchase agreements.
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