Economy

SunPower (NASDAQ:SPWR) Stock Rating Reaffirmed by Cowen

Guggenheim Capital LLC now owns 2,237,502 shares of the semiconductor company's stock worth $18,864,000 after acquiring an additional 464,072 shares in the last quarter. The hedge fund run by Kenneth Tropin held 225,000 shares of the semiconductors company at the end of 2017Q3, valued at $1.64 million, down from 305,000 at the end of the previous reported quarter. SunPower has a twelve month low of $5.84 and a twelve month high of $11.70. About 1.79M shares traded.

SunPower (NASDAQ:SPWR) last announced its quarterly earnings data on Wednesday, February 14th. It has underperformed by 4.16% the S&P500.

The stock decreased 3.76% or $0.28 during the last trading session, reaching $7.16. Currently, 26.8% of the company's stock are sold short. Dimensional Fund Advisors LP now owns 1,390,856 shares of the semiconductor company's stock valued at $12,991,000 after purchasing an additional 3,841 shares during the last quarter. Its book value per share for the most recent quarter is $1.02 while its price to book ratio for the same period is 7.02, as for as the company's cash per share for the most recent quarter is $2.99, however its price to cash per share ratio for the same period is 2.39. Tctc Llc invested in 84,507 shares or 0.68% of the stock. One Trading Lp holds 6,900 shares. It has underperformed by 67.48% the S&P500.

Graham Capital Management Lp, which manages about $16.17B and $4.76B US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 100,000 shares to 1.10M shares, valued at $276.35 million in 2017Q3, according to the filing. Sigma Planning Corp acquired 2,620 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. Finally, Zacks Investment Research lowered shares of SunPower from a "buy" rating to a "hold" rating in a report on Tuesday, January 2nd. Therefore 30% are positive.

Other analysts have also recently issued reports about the stock. The stock of SunPower Corporation (NASDAQ:SPWR) earned "Buy" rating by UBS on Wednesday, August 10. As per Wednesday, July 27, the company rating was upgraded by Guggenheim. Cowen restated a buy rating and issued a $10.00 price target on shares of SunPower in a report on Thursday, February 15th. The firm has "Outperform" rating by Oppenheimer given on Tuesday, September 8. BidaskClub downgraded SunPower from a "hold" rating to a "sell" rating in a report on Saturday, January 20th. Bank of America set a $10.00 price target on shares of SunPower and gave the company a hold rating in a report on Thursday, December 28th.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. The rating was initiated by Mizuho with "Neutral" on Thursday, March 31.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.04, from 0.83 in 2017Q2. It improved, as 45 investors sold JNJ shares while 871 reduced holdings. Northern Trust Corp grew its position in shares of SunPower by 141.3% in the 2nd quarter.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Sunpower Corporation (NASDAQ:SPWR) high price target of $13 and with a conservative view have low price target of $5. Advsr Capital Mgmt Lc holds 82,482 shares or 0.87% of its portfolio. First Republic Invest Mgmt reported 934,617 shares.

Moreover, Credit Agricole S A has 0% invested in SunPower Corporation (NASDAQ:SPWR) for 13,605 shares. Jefferies Group Inc Limited Liability invested in 68 shares or 0% of the stock. Jupiter Asset Ltd has 0.1% invested in SunPower Corporation (NASDAQ:SPWR). Ny State Common Retirement Fund invested 0% in SunPower Corporation (NASDAQ:SPWR). Df Dent And Company Inc invested in 84,747 shares.

Sunpower Corporation (NASDAQ:SPWR)'s trailing twelve month revenues are $1.87 Billion, whereas its price to sales ratio for the same period is 0.56. Creative Planning invested in 383,953 shares. Sunpower Corporation (NASDAQ:SPWR)'s price sits -7.56% off from its SMA 50 of $7.47 and -12.88% away from the SMA 200 which is at $7.97.

Since February 15, 2018, it had 0 insider buys, and 1 sale for $20.17 million activity.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.04, from 1.13 in 2017Q2. It worsened, as 9 investors sold KW shares while 38 reduced holdings. 21 funds opened positions while 55 raised stakes. D E Shaw & reported 96,592 shares.



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