SunPower Corporation (SPWR) Receives ‘Analyst’ Rating

SunPower Corporation (SPWR) : Zacks Investment Research ranks SunPower Corporation (SPWR) as 5, which is a Strong Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.19, which indicates as a Buy.

SunPower Corporation (SPWR) : 13 investment research analysts covering SunPower Corporation (SPWR) have an average price target of $17.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $11 for the short term. Analysts expect the variance to be within $5.88 of the average price.


Also, JMP Securities initiates coverage on SunPower Corporation (NASDAQ:SPWR). The rating major has initiated the coverage with market underperform rating on the shares. The Analysts at JMP Securities announces a current price target of $6 per share. The rating by the firm was issued on September 8, 2016.

SunPower Corporation (NASDAQ:SPWR): After opening at $7.63, the stock dipped to an intraday low of $7.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.8 and the buying power remained strong till the end. The stock closed at $7.72 for the day, a gain of 1.05% for the day session. The total traded volume was 6,341,128. The stocks close on the previous trading day was $7.64.

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.

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