SunPower Co. (NASDAQ:SPWR – Get Rating) CEO Peter Faricy purchased 7,500 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was acquired at an average price of $13.29 per share, with a total value of $99,675.00. Following the completion of the purchase, the chief executive officer now directly owns 177,458 shares in the company, valued at $2,358,416.82. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
SunPower Price Performance
SunPower stock opened at $12.37 on Friday. The stock has a market capitalization of $2.15 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.16 and a beta of 1.87. SunPower Co. has a 12 month low of $12.26 and a 12 month high of $28.42. The business has a 50 day simple moving average of $16.19 and a 200-day simple moving average of $19.71.
Analyst Upgrades and Downgrades
SPWR has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on SunPower from $16.00 to $14.00 and set a “sell” rating for the company in a research report on Tuesday, January 31st. Scotiabank assumed coverage on SunPower in a research report on Thursday, March 2nd. They set a “sector perform” rating and a $20.00 target price for the company. Citigroup assumed coverage on SunPower in a report on Thursday, March 9th. They set a “neutral” rating and a $16.50 price target on the stock. Wells Fargo & Company decreased their price target on SunPower from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, February 3rd. Finally, Janney Montgomery Scott assumed coverage on SunPower in a report on Thursday, February 9th. They set a “neutral” rating and a $16.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, SunPower has an average rating of “Hold” and a consensus target price of $19.85.
Institutional Trading of SunPower
SunPower Company Profile
SunPower Corp. engages in the design, manufacture, and delivery of solar panels and systems. It operates through the Dev Co and Power Co segments. The Dev Co segment refers to the solar origination and installation revenue stream as sale of solar power systems. The Power Co segment deals with the post system sale and recurring services revenue.
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