Shares of SunPower Corporation (SPWR) Rally 2.55%

SunPower Corporation (SPWR) has been under a strong bear grip, hence the stock is down -0.95% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.04% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.55% in the last 1 week, and is up 3.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.78% and the 50-Day Moving Average is 4.26%.

SunPower Corporation (NASDAQ:SPWR): The stock opened at $15.50 on Friday but the bulls could not build on the opening and the stock topped out at $15.50 for the day. The stock traded down to $14.93 during the day, due to lack of any buying support eventually closed down at $15.30 with a loss of -0.52% for the day. The stock had closed at $15.38 on the previous day. The total traded volume was 1,508,053 shares.


The company Insiders own 1.06% of SunPower Corporation shares according to the proxy statements. Institutional Investors own 38.77% of SunPower Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.84%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP and Prin Acct Off) of Sunpower Corp, Branderiz Eric had sold 6,365 shares worth of $159,125 in a transaction dated March 18, 2016. In this transaction, 6,365 shares were sold at $25 per share.

SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.