SunPower (SPWR) Stock Neutral Rating Reconfirmed at JP Morgan; The Price Objective is $7.5; Blackrock Muniholdings Quality Fund II (MUE) Sentiment Is 0.53

February 15, 2018 - By Darrin Black

Among 20 analysts covering SunPower (NASDAQ:SPWR), 6 have Buy rating, 2 Sell and 12 Hold. Therefore 30% are positive. SunPower has $45 highest and $7.0 lowest target. $18.89’s average target is 181.10% above currents $6.72 stock price. SunPower had 53 analyst reports since July 29, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Monday, July 10 report. Goldman Sachs downgraded SunPower Corporation (NASDAQ:SPWR) on Tuesday, January 5 to “Neutral” rating. The firm has “Hold” rating given on Thursday, January 18 by Guggenheim. The stock of SunPower Corporation (NASDAQ:SPWR) has “Neutral” rating given on Friday, November 11 by UBS. Mizuho maintained it with “Neutral” rating and $8 target in Monday, January 30 report. Oppenheimer initiated the stock with “Outperform” rating in Tuesday, September 8 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 2 report. The rating was downgraded by Oppenheimer on Wednesday, August 10 to “Perform”. The rating was maintained by Oppenheimer with “Buy” on Wednesday, August 2. The company was downgraded on Wednesday, September 27 by Morgan Stanley.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $12.87. About 4,500 shares traded. BlackRock MuniHoldings Quality Fund II, Inc. (MUE) has declined 3.26% since February 15, 2017 and is downtrending. It has underperformed by 19.96% the S&P500.

Private Harbour Investment Management & Counsel Llc holds 0.97% of its portfolio in BlackRock MuniHoldings Quality Fund II, Inc. for 83,550 shares. Tradewinds Capital Management Llc owns 16,600 shares or 0.12% of their US portfolio. Moreover, Sit Investment Associates Inc has 0.11% invested in the company for 325,359 shares. The New Jersey-based Roundview Capital Llc has invested 0.06% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 228,163 shares.

Since December 6, 2017, it had 0 insider purchases, and 1 insider sale for $177,294 activity. LESJAK CATHERINE A sold 23,632 shares worth $177,294.

SunPower Corporation researches, develops, makes, and delivers solar solutions worldwide. The company has market cap of $937.92 million. It operates through three divisions: Residential, Commercial, and Power Plant. It currently has negative earnings. The firm provides solar power components, including panels and other system components.

The stock decreased 10.16% or $0.76 during the last trading session, reaching $6.72. About 2.87M shares traded. SunPower Corporation (NASDAQ:SPWR) has declined 50.78% since February 15, 2017 and is downtrending. It has underperformed by 67.48% the S&P500.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.08, from 1.05 in 2017Q2. It increased, as 21 investors sold SunPower Corporation shares while 35 reduced holdings. 23 funds opened positions while 40 raised stakes. 33.77 million shares or 11.88% less from 38.32 million shares in 2017Q2 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in SunPower Corporation (NASDAQ:SPWR). Guinness Atkinson Asset Inc holds 57,450 shares or 0.26% of its portfolio. Wolverine Asset Lc invested in 6,290 shares. Pnc Serv Grp Inc has 2,831 shares. Alliancebernstein L P stated it has 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR). Wellington Grp Llp invested in 480,970 shares. American Interest Grp Inc reported 40,074 shares. Gru One Trading L P has invested 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR). Cubist Systematic Strategies Ltd Liability has invested 0.01% in SunPower Corporation (NASDAQ:SPWR). Rhumbline Advisers invested 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR). 26,091 are owned by Raymond James Financial Services Advsrs. Northwestern Mutual Wealth Management owns 331 shares. 15,000 were accumulated by Cortland Assoc Mo. National Bank & Trust Of Montreal Can has 90,289 shares for 0% of their portfolio. Van Eck Associate Corp reported 74,381 shares or 0% of all its holdings.

Analysts await SunPower Corporation (NASDAQ:SPWR) to report earnings on February, 21. They expect $-0.09 earnings per share, up 87.67% or $0.64 from last year’s $-0.73 per share. After $0.14 actual earnings per share reported by SunPower Corporation for the previous quarter, Wall Street now forecasts -164.29% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: