SunPower Corp. (NASDAQ:SPWR) CFO Charles Boynton unloaded 5,000 shares of SunPower Corp. stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $21.38, for a total value of $106,900.00. Following the completion of the transaction, the chief financial officer now directly owns 33,018 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on SPWR. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of SunPower Corp. in a research note to investors on Thursday, August 1st. Separately, analysts at Northland Securities raised their price target on shares of SunPower Corp. from $33.00 to $38.00 in a research note to investors on Thursday, August 1st. Finally, analysts at Northland Capital Partners raised their price target on shares of SunPower Corp. from $33.00 to $38.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.75.
SunPower Corp. (NASDAQ:SPWR) traded up 2.87% during mid-day trading on Tuesday, hitting $21.171. 1,117,375 shares of the company’s stock traded hands. SunPower Corp. has a 52 week low of $3.90 and a 52 week high of $28.15. The stock has a 50-day moving average of $24.08 and a 200-day moving average of $16.76. The company’s market cap is $2.567 billion.
SunPower Corp. (NASDAQ:SPWR) last released its earnings data on Wednesday, July 31st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.37. The company had revenue of $576.50 million for the quarter, compared to the consensus estimate of $576.99 million. During the same quarter last year, the company posted $0.08 earnings per share. SunPower Corp.’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that SunPower Corp. will post $1.14 EPS for the current fiscal year.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial, and utility-scale power plant customers.
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