Stock You Should Track Today: SunPower Corporation (SPWR), US Bancorp (USB)

SunPower Corporation (NASDAQ:SPWR) hasconsensus analyst target price is $9.08.

Several other equities research analysts also recently weighed in on SPWR. Parametric Portfolio Associates LLC increased its stake in SunPower Corporation by 38.5% during the first quarter. Van ECK Associates Corp now owns 114,172 shares of the semiconductor company's stock worth $1,066,000 after buying an additional 2,599 shares during the last quarter. Northern Trust Corp grew its stake in shares of SunPower Corporation by 141.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 271,940 shares of the semiconductor company's stock worth $1,659,000 after buying an additional 20,372 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of SunPower Corporation by 0.3% during the 2nd quarter. GAM Holding AG now owns 428,311 shares of the semiconductor company's stock worth $4,000,000 after buying an additional 388,311 shares in the last quarter. The corporation has a market cap of US$4.91 Billion. Northern Trust Corp now owns 845,237 shares of the semiconductor company's stock worth $7,894,000 after buying an additional 494,979 shares in the last quarter. The ratio worsened, as 65 institutional investors increased and started new stock positions, while 62 reduced and sold their positions in Sunpower Corp.

Analysts await SunPower Corporation (NASDAQ:SPWR) to report earnings on November, 8.

Shares of SunPower Corporation (NASDAQ:SPWR) traded down $0.16 on Thursday, reaching $8.56. They expect this year's earnings to rise 56.67% year-over-year to -$1.41, followed by -81.56% decline in the next year to -$0.26. The stock's last price was higher from the average trading price of 50 days recorded at $53.17 while enlarging the period to 200 trading days, the average price was $52.68. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. SunPower Corporation dipped to as low as $8.52 throughout the day and has returned 32.98% in this year. The company had revenue of $477.20 million for the quarter, compared to the consensus estimate of $383.76 million.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. SunPower Corporation's quarterly revenue was down 34.6% compared to the same quarter last year. research analysts forecast that SunPower Corporation will post -1.41 earnings per share for the current fiscal year.

A number of brokerages have commented on SPWR. The stock of SunPower Corporation (NASDAQ:SPWR) earned "Neutral" rating by Bank of America on Wednesday, November 9. JP Morgan downgraded the shares of SPWR in report on Wednesday, August 10 to "Neutral" rating. BidaskClub downgraded SunPower Corporation from a buy rating to a hold rating in a report on Tuesday, July 25th. Deutsche Bank maintained SunPower Corporation (NASDAQ:SPWR) on Wednesday, August 2 with "Hold" rating. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company's stock.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $9.08 on the stock, this valuation is based on 12 number of opinions. Moreover, California State Teachers Retirement System has 0% invested in SunPower Corporation (NASDAQ:SPWR). If you are accessing this story on another site, it was stolen and republished in violation of US & worldwide copyright legislation.

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company's divisions include Residential Segment, Commercial Segment and Power Plant Segment.

Like this



09 November 2017
The First Trust Advisors LP invests in Signet Jewelers Ltd. (SIG) Shares
The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.23. Northcoast Research restated a "neutral" rating on shares of Signet Jewelers Limited in a report on Friday, September 29th.

09 November 2017
Quebec City - UNESCO City of Literature
Chennai , one of the 64 cities designated as UNESCO Creative Cities last month, was chosen for its contribution to music.

09 November 2017
VW blames drivers failing to fit new software for dirty diesel cars
According to Mary Creagh, chair of the Commons' Environmental Audit Committee, the rate at which vehicles are being dealt with has "stalled".

09 November 2017
Greece Will Miss Suspended Kostas Manolas When They Take On Croatia
A quick glance at Croatia's squad shows why they are heavy favourites to progress to Russian Federation at Greece's expense.

09 November 2017
'Staffing Crisis': US DoS Reportedly Lost 60% of Career Ambassadors in 2017
While more than 17,000 Americans applied for the Foreign Service in 2016, that number has dropped by more than half this year. Were the US military to face such a decapitation of its leadership ranks, I would expect a public outcry.

09 November 2017
Off the coast of Italy found the bodies of 26 girls
A total of 2,715 people died on the central Mediterranean route between January 1 and November 5, it added. An autopsy on the bodies should be completed by next week.

09 November 2017
Wall Street Stock Recommendations: Mueller Water Products, Inc. (MWA), Gerdau SA (GGB)
They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. Marathon Partners Equity Management Llc holds 2.92% of its portfolio in Mueller Water Products, Inc . for 545,000 shares.

09 November 2017
Bainco International Investors Grows Holdings in United Parcel Service, Inc. (UPS)
United Parcel Service has $128.0 highest and $88 lowest target. (NYSE:UPS) earned "Buy" rating by Citigroup on Tuesday, August 8. Stifel Nicolaus maintained United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since November 9, 2016 and is uptrending.

09 November 2017
Berry Global Group, Inc. (NYSE:BERY)'s Valuation Review According to Quant
Millennium Mgmt Ltd Company reported 23,294 shares or 0% of all its holdings. 3,216 were accumulated by Spears Abacus Advsr Lc. Piermont Capital Management Llc increased Ingles Markets Incorporated C (IMKTA) stake by 82.81% reported in 2017Q2 SEC filing.

09 November 2017
Atlantic Sunrise pipeline build resumes after court lifts work-stoppage order
In a statement Wednesday pipeline builder Williams Partners said work would resume. The stay had stopped all construction activity on the pipeline in Pennsylvania.