Economy

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.



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