Shares of SunPower Co. (NASDAQ:SPWR – Get Free Report) have been assigned an average rating of “Strong Sell” from the nineteen brokerages that are covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $3.48.
A number of analysts recently commented on SPWR shares. The Goldman Sachs Group decreased their price objective on shares of SunPower from $2.00 to $0.50 and set a “sell” rating on the stock in a report on Tuesday, July 23rd. Susquehanna lowered their price target on SunPower from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Monday, July 15th. Scotiabank reduced their price objective on SunPower from $6.00 to $4.00 and set a “sector perform” rating for the company in a report on Monday, April 29th. Mizuho cut SunPower from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $4.00 to $0.50 in a research report on Friday, July 19th. Finally, Glj Research reissued a “sell” rating and issued a $1.61 price objective on shares of SunPower in a research note on Tuesday, July 16th.
View Our Latest Report on SPWR
Institutional Trading of SunPower
SunPower Price Performance
SunPower stock opened at $0.16 on Friday. The stock’s 50 day moving average price is $1.99 and its 200 day moving average price is $2.58. The company has a market cap of $28.71 million, a PE ratio of -0.12 and a beta of 1.86. SunPower has a 1-year low of $0.15 and a 1-year high of $8.27.
SunPower Company Profile
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, and mounting hardware that enable dealers and installers to complete system installations, as well as for end customers to manage their energy production.
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