SunPower Corporation (SPWR): Price Target and June Short Interest Disclosure

SunPower Corporation (SPWR) : 13 Wall Street analysts covering SunPower Corporation (SPWR) believe that the average level the stock could reach for the short term is $32.92. The maximum price target given is $40 and the minimum target for short term is around $23, hence the standard deviation is calculated at $5.62.

SunPower Corporation (SPWR) reported a rise of 4.7% or 704,543 shares in its short interest. The short figure came in at 26.8% of the total floats. The average daily volume of 2,225,667 shares suggests that the days to cover 15,674,358 short positions, as on June 30,2016, will be 7. On June 15,2016, the short interest was 14,969,815 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, UBS, upgrades their rating on the shares of SunPower Corporation (NASDAQ:SPWR). UBS has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 6, 2016.


SunPower Corporation (NASDAQ:SPWR): stock turned positive on Thursday. Though the stock opened at $15.08, the bulls momentum made the stock top out at $15.5 level for the day. The stock recorded a low of $15 and closed the trading day at $15.38, in the green by 3.57%. The total traded volume for the day was 1,995,184. The stock had closed at $14.85 in the previous days trading.

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.